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Spanish Unemployment Rate rose to 21.0%

Thursday, Apr 28 2016
The unemployment rate in Spain rose unexpectedly last month, official data showed on Thursday. In a report, Ministry of Labour and Immigration said that Spanish unemployment rate rose to an annual rate of 21.00%, from 20.90% in the preceding month. Analysts were anticipating no change.
Separate report, on Spanish CPI also missed market expectations. While analysts were predicting 0.7% decrease, inflation fell by 1.1% in March, following 0.6% decrease in February. This decrease is mainly explained by lower prices of package holidays and electricity.
 
Euro is currently being traded few points below 1.1350 level. Pair is likely to find support around 1.1250 handle and resistance above 1.1380 level. Later today, in the US session, GDP and Unemployment Claims figures will be published.
More in this category: « Australian Import Price Index fell 3.0% Number of unemployed in Germany decreased by 16,000 »

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