In an interview with the WSJ the German Chancellor rebuffs pressure to boost domestic demand not exports; warns Europe’s crisis is far from over.
EUR/USD has traded very marginally firmer during the Asian session, presently at 1.2330 from North American close Wednesday down around 1.2310. Next batch of stop orders seen up through 1.2365.
Eurozone data due today:
06:45 GMT: French consumer spending for May expected +0.4% m/m, +1.4% y/y
08:00 GMT: Italian retail sales for April expected -0.1% m/m, +2.1% y/y
09:00 GMT: Euro zone industrial new orders for April expected +1.6% m/m, +21.8% y/y
09:00 GMT: Italian unemployment Q1 expected 8.6%
