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Spanish Unemployment Rate decreased more than expected

Thursday, Jan 28 2016
The unemployment rate in Spain fell more-than-expected last month, official data showed on Thursday. In a report, Ministry of Labour and Immigration said that Spanish unemployment rate fell to an annual rate of 20.90%, from 21.18% in the preceding month. Analysts had expected Spanish unemployment rate to fall to 21.05% last month. 
 In a separte report, National Institute of Statistics said that Spanish retail sales fell to a seasonally adjusted annual rate of 2.2%, from 3.3% in the preceding month. Analysts had expected Spanish retail sales to fall to 3.0% last month.
 
Euro is currently being traded around 1.0870 area. Pair is likely to find support around 1.08 handle and resistance above 1.0930 level. Later today, in the US session, Durable Goods Orders and Unemployment Claims figures are scheduled for a release.
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