Aussie drops amid decline of building permits retail slowdown

Source: Bloomberg
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Australian national currency tumbled from almost 2-week high on government reports indicating building permits plunged in October while private consumption reduced. Building licenses declined by 10.7% in October on monthly basis. Aussie weakened against most of its 16 major peers giving up 0.6% against US dollar, reaching $1.0226 in Sydney morning trade. The pair currently is trading at $1.020.

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Thu, 01 Dec 2011 07:43:50 GMT

Unemployment rate in the euro-zone increases

Unemployment rate in the euro-zone increases unexpectedly for the second month. The rate increased to 10.3% on a seasonally adjusted basis in October compared with 10.2% in September, according to Eurostat. Experts predicted the euro-zone's unemployment rate remain unchanged at 10.2%. The number of unemployed in the euro-zone approached 23.55 million people in October.

Thu, 01 Dec 2011 07:55:06 GMT

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