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Euro Area Labour Cost Index YoY
In the Euro Area, the Labour Cost Index provides a short-term indication of the development of hourly labor costs experienced by employers in nominal terms, that is, without taking into account price developments. It is computed by dividing the cost of labor in national currency by the number of hours worked in that currency. In order to measure quarterly variations in hourly employers' expenses, total labor costs and their primary components: wages and salaries; and nonwage expenditures are taken into consideration (labor costs other than wages and salaries). Wage and non-wage expenditures, as well as subsidies, are included in total labor costs (TOT). However, they do not cover expenditures for occupational training or other expenses such as recruitment charges, expenditures for working attire, and so on.
A higher than expected figure should be seen as positive (bullish) for the EUR while a lower than expected figure should be seen as negative (bearish) for the EUR.
Forex Sentiment (EUR)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| EURUSD |
|
|
1.1412 -388 pips |
1.1554 +246 pips |
1.18002 | |
| EURAUD |
|
|
1.7266 -658 pips |
1.7938 -14 pips |
1.79242 | |
| EURJPY |
|
|
164.1100 -509 pips |
167.8706 +133 pips |
169.203 | |
| EURCAD |
|
|
1.5735 -361 pips |
1.5925 +171 pips |
1.60961 | |
| EURCHF |
|
|
0.9355 +24 pips |
0.9523 -192 pips |
0.93305 | |
| EURCZK |
|
|
24.6901 +129 pips |
0 +246772 pips |
24.67721 | |
| EURGBP |
|
|
0.8519 -64 pips |
0.8576 +7 pips |
0.85828 | |
| EURHUF |
|
|
397.9073 -147 pips |
405.3240 -594 pips |
399.38 | |
| EURNOK |
|
|
11.4377 -4319 pips |
11.8195 +501 pips |
11.8696 | |
| EURNZD |
|
|
1.8701 -631 pips |
1.9347 -15 pips |
1.93322 |
News (EUR)
German Unemployment Climbs Less Than Expected In June
Joblessness in Germany rose in June but at a slower than expected pace, official figures revealed on Tuesday, as activity in the biggest economy in the euro area remains sluggish.
RTTNews | 1h 23min ago
Eurozone Inflation Hits ECB Target
Euro area inflation rose slightly to hit the European Central Bank's 2 percent target in June on slower fall in energy prices and the rise in services inflation, flash estimate from Eurostat showed on Tuesday. Annual inflation climbed to 2.0 percent in June from 1.9 percent in May. The rate reached the inflation target and also matched economists' expectations.
RTTNews | 8h 19min ago
Eurozone Manufacturing Sector Contraction Slows In June
Eurozone manufacturing activity contracted at a slower pace in June as output showed a sustained expansion and total new work stabilized ending a 37-month period of decline, final survey data from S&P Global showed on Tuesday. The HCOB manufacturing Purchasing Managers' Index posted 49.5 in June, up from 49.4 in May. This was the highest score since August 2022.
RTTNews | 8h 54min ago
