Aussie strengthens as commodity prices increase

Source: Bloomberg
The Australian Dollar strengthened, trading 0.1% from one-week high as commodity price gains increased demand for the nation's currency. The Aussie Dollar gained 0.2% to $1.0283 from $ 1.0264 yesterday, when the currency touched $1.0294, the highest level since October 2. It rose 0.4% to 80.69 Yen. The New Zealand Dollar added 0.3% to 82 U.S. cents and it bought 64.33 Yen.  
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Fri, 12 Oct 2012 08:53:08 GMT

Jobless rate in Greece reached record high of 25.1%

Greece unemployment rate reached a record high of 25.1% in July, while the jobless rate among young people hit 54.2%. According to Greece's statistical authority, 1.26 million Greeks were unemployed in July, with roughly 1000 jobs lost daily over the past year. With further austerity measures and another year of recession, the jobless rate may increase further. 

Fri, 12 Oct 2012 08:31:21 GMT

Yen weakens on positive data from U.S.

The Japanese Yen weakened versus the major peers amid signs that the U.S. economy is gaining momentum curtailed demand for haven assets. The Yen lost 0.1% to 78.40 per U.S. Dollar from 78.34 yesterday, when the Yen fell 0.2%. Japan's currency declined 0.1% to 101.37 per Euro, after falling 0.6% to 101.27.   

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