Euro lower in a quiet Friday session

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Friday, Jun 10 2016

From Eurozone, only minor importance German WPI and Italian Industrial Production figures were released. Germany’s wholesale price index rose more-than-expected last month, official data showed on Friday. In a report, Destatis said that Germany’s Wholesale Price Index rose to 0.9%, from 0.3% in the preceding month. Analysts had expected Germany’s Wholesale Price Index to rise 0.2% last month.

Italian industrial production rose more-than-expected last month, official data showed on Friday. In a report, Istat said that Italian Industrial Production rose to 0.5%, from 0.0% in the preceding month. Analysts had expected Italian Industrial Production to rise 0.2% last month.

Euro is currently being traded few points below 1.13 level. Pair is likely to find support around 1.1250 handle and resistance above 1.1350 level. Later today, in the US session, Consumer Sentiment figures are scheduled for a release.

More in this category: « UK Construction Output rose by 2.5% US Consumer Sentiment fell to 94.3 »

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