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Spanish Unemployment fell by 13,500

Tuesday, Mar 03 2015
The number of unemployed people in Spain fell unexpectedly in February, easing concerns over the health of the euro zone’s fourth largest economy, official data showed on Tuesday. Analysts were forecasting increase by 10,500.
 
In a report, Spain’s Employment Ministry said the number of unemployed people declined by a seasonally adjusted 13,500 last month. The number of unemployed people rose by 78,000 in January.
 
Data did not have any major impact on the markets.  Euro is currently being traded around 1.12 handle. Pair is likely to find support around 1.1150 and resistance above 1.1240 level. There will be no major data releases later in the session.
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