The shared currency of the European Union slipped from its highest value in three weeks against the world's reserve currency as a consequence of Germany releasing weak retail sales data, Bloomberg reports.
Also harming the euro on the final day of May was the unemployment rate pushing to its highest levels ever. Germany, the biggest economy in the euro zone, saw retail sale drop 0.4 percent from March, states data released by the country's statistics office.
"I still think if we look in the medium term, the momentum in equities is still intact," strategist Peter Garnry with Saxo Bank told Reuters on Friday. "For this momentum to stop it would require some kind of a political or market hiccup in Europe."
Euro zone joblessness advanced to 12.2 percent after checking in at 12.1 percent in March, data distributed by the European Union statistics office notes. On Thursday, France and Germany agreed to expedite the disbursement of 6 billion euros to aid employment pursuits of jobless youth.
Euro zone inflation pushed to 1.4 percent in May after registering at 1.2 percent during the month prior, according to Reuters.
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