The U.S. dollar – safe haven for investors in May

Source: Bloomberg

As the economic state of the E.U. is in jeopardy, many investors in May saw the dollar as a safe haven. The U.S. dollar posted its top earnings since the year 2011 by outperforming stocks, commodities and bonds. In actual figures, the Intercontinental Exchange Inc.'s Dollar Index rose by 5.5%, the Dollar Index grew by 3.8% in the respective month.

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Fri, 01 Jun 2012 17:01:10 GMT

Futures for gold decreased in European trade

On the NYMEX August delivery futures for gold were traded at USD1553.25 per troy ounce, shedding 0.70%. It was previously traded at USD1549.25, which was a session's low. Support is prone to be at USD1532.55, whereas resistance is likely to be at USD1585.65.

Fri, 01 Jun 2012 15:23:10 GMT

Projections for the jobless rate in Portugal grows to 15.5%

Following 12.7% unemployment rate in the previous year, according to Vitor Gaspar, The Finance Minister of Portugal, the jobless rate in the country will increase to 15.5% in 2012 and to 16% in 2013. The Minister also added that afterwards a decline should be experienced in the unemployment levels. The initial projections for the year 2012 were 14.5%.

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