Won gains versus U.S. Dollar amid deadlock in U.S. Congress

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Source: Bloomberg
© Scanpix/RS
South Korean currency increased on Tuesday reversing previous loss after demand for the U.S. Dollar was reduced as the U.S. government shut down partially for the first time in seventeen years amid a deadlock in Congress. The Won advanced 0.1% to 1,073.56 per U.S. Dollar at the close in Seoul following a 0.2% drop earlier on the session.

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Tue, 01 Oct 2013 10:32:08 GMT

Unemployment in Italy jumped more than expectations

Italian unemployment shows signs of worsening, as the joblessness rate in the country added 0.1% to 12.2% in August, while the July rate was revised up to 12.1% from 12%. Economists, however, did not forecast any changes. Alongside, youth unemployment reached 40.1% from 39.7% a month earlier. The government of Italy expects the unemployment to hit 12.4% by the next

Tue, 01 Oct 2013 10:10:23 GMT

German unemployment surges against forecasts

Number of unemployed people in the largest economy of Eurozone added 25,000 in September, while analysts expected the unemployment to fall by 5,000. Moreover, the jobless rate advanced to 6.9% from 6.8% in August. Economists point out that the economy of Germany is growing, however, some big domestic companies like Siemens AG have recently announced big job cuts.

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