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Euro-Zone May PPI M/M & Unemployment

Written July 2, 2009 at 5:05 AM EST by Vincent Facchino 

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Euro-Zone May PPI M/M came in at -0.2% , weaker than the 0.1% expected.  Prior M/M was revised from -1.0% to -0.9%.

Euro-Zone May Unemployment Rate came in at 9.5% , worse than the 9.4% expected. This is highest reading since May 1999.

Euro came off 15 pips vs. Usd, now trading at 1.4043.

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