Investing.com - The number of unemployed people in Spain fell by the most in almost two years in May, fueling optimism over the health of the euro zone’s fourth largest economy, official data showed on Thursday.
In a report, Spain’s Employment Ministry said the number of unemployed people declined by a seasonally adjusted 119,800 last month, compared to expectations for a drop of 110,000. The number of unemployed people fell by 83,600 in April.
EUR/USD was trading at 1.1213, while EUR/GBP was at 0.7762.
Meanwhile, European stock markets were mixed after the open. Spain’s IBEX 35 tacked on 0.55%, the EURO STOXX 50 inched up 0.1%, France’s CAC 40 shed 0.2%, Germany’s DAX declined 0.25%, while London’s FTSE 100 added 0.4%.