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 Monday.
In a report, Spain’s Employment Ministry said the number of unemployed people declined by a seasonally adjusted 124,300 last month, compared to expectations for a drop of 74,300. The number of unemployed people fell by 119,800 in May.
EUR/USD was trading at 1.1126, while EUR/GBP was at 0.8377.
Meanwhile, European stock markets were broadly higher after the open. Spain’s IBEX 35 tacked on 0.3%, the EURO STOXX 50 inched up 0.4%, France’s CAC 40 rose 0.3%, Germany’s DAX added 0.3%, while London’s FTSE 100 advanced 0.4%.