Decrease in oil prices followed by Ruble depreciation

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Source: Dukascopy
The Russian Ruble depreciated by 0.4% against the US Dollar on 02.06.2012 in Moscow. Total Ruble loss for this year is 1.3% and  it is currently trading at 32.5650 RUB per USD. Such fall may be attributed to a decrease in oil price, which currently is 83.88 USD per barrel in New York, and slowdown of Russian manufacturing growth. However, the Ruble's change against the Euro was not significant and currently Ruble is trading at 41.0790 RUB per EUR.
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Mon, 02 Jul 2012 13:11:32 GMT

Eurozone's unemployment rate reached 11.1% in May

Unemployment rate in Eurozone increased by 0.1% or 88,000 people in May . Jobless rate attained 11.1%, the highest level since 1995. European companies are forced to reduce staff. Europe's largest transport operator, Air France-KLM Group, announced it is going to eliminate 5,000 positions. Meanwhile,the highest jobless rate of 24.5% remained in Spain.

Mon, 02 Jul 2012 12:39:32 GMT

June manufacturing index stays steady at 45.1

Manufacturing PMI of Eurozone remained unchanged at 45.1 in June compared with previous month. Manufacturing activity in region has been fluctuating below 50 almost for a year indicating persisting slowdown in the economy.

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