Forex Flash: German unemployment and EMU HICP forecast – TD Securities

FXstreet.com (Barcelona) - TD Securities analysts expect the German unemployment rate to remain at 6.9% with unemployment rising by 2k in April: “This would be an improvement over +13k in March and generally in line with the PMI details suggesting manufacturing employment is trending roughly flat”, wrote analyst Annette Beacher. In regard to the April Eurozone Flash HICP figure, Beacher expects a fall from 1.7% y/y to 1.6%, “but Spanish and German data released yesterday present further downside”.