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Eurozone unemployment and Fed’s George in focus today – Danske Bank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 2, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Delhi) – Research Team at Danske Bank, suggest that Euro area unemployment figures for December will be released today.

    Key Quotes

    “We expect the decreasing trend to continue, which will be supportive for the economy. Note that the unemployment rate is now close to its structural level (NAIRU), which is the level where wage pressure usually starts to pick up.

    In the evening, the Fed's vice chair George (voter, neutral) speaks. After the FOMC meeting this week, we will look carefully for any comments on when to expect the next hike as the statement was relatively dovish without mentioning anything explicitly.”
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