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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)
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