Christopher Nye
on January 10th, 2023 EUR/USD rose on Monday following the latest eurozone unemployment data. The latest data revealed the seasonally-adjusted unemployment rate stood at 6.5% in November, unchanged from October’s all-time low as markets expected. Overall, the number of unemployed people in the eurozone decreased by 2,000 to 10.849 million, the lowest level since records began in nearly 3 decades ago.
The data boosted the currency pair as markets bet on interest rate hikes from the European Central Bank (ECB).
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