The ECB has issued a study that claims unemployment in Europe is twice as much as official data suggests. European Central Bank said that jobless data excludes people who fail to meet statistical criteria and those with part-time jobs who want more hours.

Report claims that unemployment rate is actually around 18 percent rather than 9.5 percent across the continent.

The ECB president, Mario Draghi is now speaking at Dutch Parliment about the impact of monetary policy.

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 EURUSD now trades at 1.0868, bouncing of after reaching two-week lows but downtrend still intact.