German industrial output lower than expected

Source: Bloomberg
Germany's industrial production growth was smaller than forecast as the country faced distress in its relations with Russia. The industrial output grew 0.3% in June compared to the 1.7% decline the previous month and with the EU agreeing on sanctions against Russia many of its other economic indicators have also reached lower levels. In addition the EUR/USD pair fell to 1.3376 after the news.
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Thu, 07 Aug 2014 09:08:08 GMT

Australian Dollar falls on unemployment growth

The Aussie weakened the most since the beginning of July as the traders anticipate the RBA to cut the interest rates, following the jobless rate reaching its peak since 2002. The Australian Dollar depreciated at least 0.5% against all 31 major peer. The Australia's unemployment rate exceeded the U.S. level for the first time in seven years. The Aussie dropped 0.9% to 92.70 U.S. cents, the

Thu, 07 Aug 2014 08:57:08 GMT

Australian unemployment reaches highest level in 12 years

Australia's jobless numbers were larger than the US for the first time since 2007 sending the Aussie into a steep fall. The unemployment data came out at 6.4% rising from 6% as this high of a number was not even seen in the financial crisis, when the boom in Australia's mining helped keep it lower. Furthermore, the AUD/USD dropped from 93.43 to 92.87 after the

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