Sunday May 31, 2020

Euro weakens as eurozone struggles

Report may show unemployment hit record high.

1st April, 2013
Demand for the euro currency has declined.

The euro weakened following a decline last month as economic data showed the 17-nation region is struggling to recover, damping demand for the currency.

The euro fell versus most of its 16 major counterparts ahead of a report out tomorrow that may show unemployment in the bloc climbed to a record in February, two days before European Central Bank officials meet to set interest rates.

Unemployment in the euro area probably climbed to an all-time high...

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