The euro slipped today on the speculation about Greece’s default and after the report showed that the unemployment in Germany rose, renewing the talks about collapse of the Eurozone.
The unemployment rate in Germany, which was steadily declining through 2010, unexpectedly rose by 3,000 in December, following the decline by 8,000 a month earlier. It was expected to drop by 12,000 in December. Greece’s finance minister stated that Greece is not discussing the debt restructuring, resulting in the talks that the frequent attempts to deny the problems are masking some serious troubles in the nation’s economy.
EUR/USD dropped from 1.3307 to 1.3215 as of 13:12 GMT today.
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