In March, the unemployment rate in the Eurozone fell to 6.8%, down from 6.7 percent predicted.

According to the data published by Eurostat, "In February, the eurozone unemployment rate was 6.9%, but currently it has dropped to 6.8%, as expected at 6.7%."

May 03, 2022 - 03:57 PM 253 views

In March, the unemployment rate in the Eurozone fell to 6.8%, down from 6.7 percent predicted.

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© In March, the unemployment rate in the Eurozone fell to 6.8%, down from 6.7 percent predicted.

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According to the data published by Eurostat, "In February, the eurozone unemployment rate was 6.9%, but currently it has dropped to 6.8%, as expected at 6.7%."

Previously, the Producer Price Index (PPI) in bloc Rose was at 1.1%, but it was raised to 5.3% MoM in March, as expected at 5%.

On an annualized basis, "in March, the Producer Price Index (PPI) was hiked to 36.8%, beating a predicted increase of 36.3%, and previously it was settled at 31.5%."

The Market Reaction

When last seen, the EUR/USD pair was trading at 1.0499, down by 0.05%, and the pair got affected by the mixed Eurozone data releases and is currently losing recovery momentum.

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