The Euro was higher against the U.S. Dollar but gains seemed to be capped

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Source: Forexpros

On Wednesday, the Euro was gaining versus the American Dollar, but growth seemed to be limited, as investors focused on Spanish banks and upcoming elections in Greece this weekend. EUR/USD peaked at 1.2553, and later consolidated at 1.2533, which was a 0.24% gain since the beginning of the European afternoon trading session.

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Wed, 13 Jun 2012 18:12:42 GMT

Cable held steady while Eurozone in focus

On Wednesday, the British Pound held steady versus the American Dollar, as investors were focusing on Spanish financial crisis and growing borrowing costs for Italy. GBP/USD peaked at 1.5540, and later the pair consolidated at 1.5561, which was a minor 0.05% increase since the beginning of the European afternoon trading session.

Wed, 13 Jun 2012 17:39:42 GMT

South Korea's unemployment drops to 3.2%

South Korea's jobless rate reached its bottom in four months due to the continued recruitment boost in the service segment. According to Statistics Korea, the country's unemployment in May fell to 3.2% in contrast to the previous month's 3.4%. However, Ronald Man, HSBC Holding PLC's analyst, stated that as Korean manufactures are becoming more restrained, this could negatively impact the production output, and, consequently, weaken

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