StockMarketWire.com - The European labour cost index has fallen (year-on-year) to 1.3% from its previous level of 1.8%, which is a negative for the already poor labour market in the Euro zone, but hasn’t affected the uptrend in the euro following a positive CPI release.
The Labor Cost Index measures the change in the price businesses pay for labor, excluding overtime. It is a leading indicator of consumer inflation.
EURJPY 125.57 +0.48%, EURCAD 1.3331 +0.32%, EURAUD 1.2587 +0.30%, EURUSD 1.3051 +0.27%, EURNZD 1.5884 +0.21%, EURGBP 0.8618 +0.14% and EURCHF 1.2315 +0.09%.
At 10:12am:
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