Eurozone unemployment hits a record high with low inflation

Source: Reuters
© Scanpix\Reuters
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.
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Fri, 31 May 2013 11:59:11 GMT

Eurozone's currency drops from highest level in three weeks

The shared currency dropped from the three-week high against the greenback after Germany's retail sales slid and the Eurozone's unemployment level climbed. The Euro depreciated 0.6% to $1.2976 as of 6:19 a.m. New York time after it gained to $1.3061 on Thursday, while the 17-nation currency fell 0.7% to 130.54 Yen. German's retail sales slipped 0.4% in March.

Fri, 31 May 2013 13:01:30 GMT

US Dollar drops to weakest level against Yen

The US currency dropped to the weakest level in three weeks versus the Japanese Yen on Friday following a combination of improved Japan's report and lower US data and amid month-end flows. The greenback declined 0.3% to 100.30 against the Japanese Yen, the weakest level since May 9. According to the traders it continued to slip, as stop-loss sell orders

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