(MENAFN- FxPro) The euro zone's unemployment rate fell to the lowest level since March 2012 in April, adding to evidence that the European Central Bank's massive stimulus program was taking effect, official data showed on Wednesday.
In a report, Eurostat said that the euro zone's unemployment rate fell to a seasonally adjusted 11.1% in April from 11.2%. Analysts had expected the jobless rate to hold steady at 11.2%
EUR/USD was trading at 1.1136 from around 1.1130 ahead of the release of the data, while EUR/GBP was at 0.7290 from 0.7288 earlier.
Meanwhile, European stock markets were mostly higher in subdued trade. The EURO STOXX 50 inched up 0.15%, France's CAC 40 tacked on 0.1%, Germany's DAX rose 0.4%, while London's FTSE 100 dipped 0.1%.
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