Inflation in euro zone rose at an annual rate of just 0.5% in May from a year earlier, down from a 0.7% rate in April, Eurostat said this morning.
On Thursday, ECB President
There was little reaction to data from the US showing new orders for factory goods rose for a third straight month in April.
New orders for manufactured goods increased 0.7%. March's orders were revised to show a 1.5% increase instead of the previously reported 0.9% rise.
The dollar edged a bit lower to
Choppy dealing left the dollar little changed at
The buck was also steady versus the yen at
Looking closer at today's economic data, unemployment rate in the euro zone declined unexpectedly in April.
Nonetheless, unemployment remains at a high level as companies are still cautious over adding staff and meet rising orders with existing employees.
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