Euro (EUR)

The Euro gained versus the Dollar as Consumer prices dropped less than forecast, showing economy is recovering. Consumer Price Index dropped by only -0.2% versus -0.5% expected and -0.7% prior. Italian CPI came out better at 0.4% versus 0.2% expected. Italian Retail sales came out worse at -0.4% versus 0.2% expected and 0% prior. Overall EUR/USD traded with a low of 1.4256 and with a high of 1.4367. Today, German Unemployment change is expected worse at 33K versus -6K prior. Unemployment Rate in Europe is also expected higher at 9.5% versus 9.4%.