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July 2, 2025
Euro traded at 1.1786 against USD at 9:00 AM PST
Italy's unemployment rate increased in May to the highest level in nearly a year. The seasonally adjusted jobless rate climbed to 6.5% in May from 6.1% in April. Further, this was the highest rate since June 2024, when it was 6.7%. In the corresponding month last year, the unemployment rate was 6.6%. The number of unemployed people increased by 80,000 to 1.691 million in May compared to the previous month. 07/02/2025 - 06:30:00 (RTTNews)
Australia's retail sales increased at a slower pace in May due to a drop in food-related spending. Retail turnover grew 0.2% monthly, after remaining flat in April. Yearly, retail sales eased to 3.3% from 3.8% in the previous month. This was the slowest growth since last November. Retail spending rose, driven mainly by a bounce-back in clothing purchases in May. Food-related spending dropped for the first time this year. Food retail was down 0.4%. Meanwhile, clothing, footwear, and personal accessory retailing climbed 2.9% and department stores registered a 2.6% increase. 07/02/2025 - 01:44:00 (RTTNews)
This market update is prepared by Cathay Bank for informational purposes only and does not constitute any form of legal, tax or investment advice, nor should it be considered an assurance or guarantee of future exchange rate movements or trends. This information is provided without regard to the specific objectives, financial situations or needs of any recipient. Cathay Bank does not make any representations or warranties about the accuracy, completeness or adequacy of this market update.
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