Euro fluctuates; GBP and NZD soar, CAD is set to underperform as economy contracts
31 January 2012 @ 09:35 am EDT
The EUR/USD pair fluctuated below the key resistance at 1.3200 today, on mixed but slightly negative macroeconomic data from the euro zone, where the German retail sales slumped 1.4% in December which came way off expectations of 0.9% growth. French consumer spending contracted as well; printing a 0.7% decline in December. On the employment side; change in the number of unemployed people in Germany during December decreased by 34,000 which was an upside surprise, on the other hand the Italian monthly employment rate climbed to 8.9% from 8.8% last month.
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