Employment in the euro area grew by 0.3%
Today has been published statistics on employment in the euro area, which has been positive, but could not change the pessimistic sentiment of investors regarding the price of euro. Thus, the rate in Q4 increased by 0.3%, which was 0.1% better than analysts' forecasts. We recall that in the 3rd quarter employment growth was 0.3%. The highest growth was recorded in Malta and Croatia, and the decrease was observed in Estonia, the UK and Lithuania. Tomorrow is forecasted a strong increase in volatility after the Fed's statement on monetary policy, during which according to our estimates will grow confidence in the earlier increase in US interest rates, and in this case, the euro may show a strong downward movement to the levels 1.0800 and 1.0700.
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