Euro unemployment rate seen at record high even after recession end

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Source: Bloomberg
© Scanpix\AFP
Euro block's unemployment rate probably remained at a all-time high last month even after the economy recovered from the longest recession since the Euro currency was introduced. The unemployment rate remained flat at 12.2% previous month. The Euro area's economy is recovering on better-than-forecast manufacturing production in July and improved German business sentiment.
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Tue, 30 Jul 2013 09:28:05 GMT

Australian Dollar falls after RBA Governor speaks

The Australian currency dropped as the Reserve Bank of Australian Governor Stevens said that the inflation level still allows lowering the interest rates. The Aussie slid 1.34% to $0.9081 versus the U.S. counterpart at 5:32 a.m. GMT and it reached the lowest level in two months after the RBA's Governor spoke. The Australian Dollar depreciated 1.39% to A$1.4607 versus the

Tue, 30 Jul 2013 08:08:06 GMT

Yen slips as output report disappoints

The Japanese currency declined, as disappointing industrial output report increased soft retail sales figures, emphasizing the performance of the Japan's economy under increased asset purchase programme. The Japan's Yen dropped 0.45% to ¥98.39 versus the greenback and fell 0.39% to ¥150.81 versus the Sterling, and decreased 0.36% to ¥130.38 versus the Euro.

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