Euro retreats as unemployment rises to a record high

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Source: Bloomberg
© Scanpix Reuters
The Eurozone's currency depreciated against it's major peers, on speculations that European Central Bank is going to reduce interest rates in the upcoming week, while the unemployment rate in the Euro-area jumped 12.2% to a record high. The Euro retreated 0.4% against the U.S. Dollar, thus having five day loosing streak with 2% drop this week. The shared currency also tumbled 0.5% versus the Yen, after decline in stock increased investor demand for safe-haven assets.
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Fri, 01 Nov 2013 11:03:13 GMT

U.K. manufacturing activity continued to rise in October

Manufacturing industry in the United Kingdom continued to show an increase in activity, as the benchmark PMI Index, which evaluate the level of activity in this particular sector, decreased slightly to 56 points in October, still being above 50 points. Analysts say that the U.K. manufacturing sector may significantly influence economic growth, even though it accounts for only 11% of

Fri, 01 Nov 2013 10:23:04 GMT

Aussie advances on China recovery signs

Australia's Dollar advanced against its major peers, after China announced increase in manufacturing activity. Improvement of China's economy is especially good for Australians, because most of their exports goes to China. The Aussie surged 0.44% against the Eurozone's currency and 0.33% versus the U.S. currency, however the Australian Dollar is still set for 1.1% weekly drop against the U.S. currency.

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