Japanese currency appreciates against the greenback

Source: Bloomberg
© Scanpix/Reuters
The Japanese currency appreciated versus the U.S. Dollar as European shares declined after Germany's retail sales dropped for a third straight month in April missing the expectations. The Japanese Yen is set for weekly gains versus almost all of its 16 most-traded peers as a slip in Japanese shares boosted the pressure on Prime Minister Shinzo Abe. The Japan's Yen rose 0.3% to 100.41 per Dollar as of 9:31 a.m. in London.
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Fri, 31 May 2013 11:04:41 GMT

Eurozone unemployment hits a record high with low inflation

The unemployment rate in the 17-nation currency area has reached a record high and inflation stays well under the European Central Bank's goal, indicating the challenge that EU officials is facing to recover the economy. The joblessness rate in the Eurozone increased to 12.2% in April, indicating a record high since 1995.

Thu, 30 May 2013 13:51:03 GMT

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