Swiss Franc gains after Bernanke's speech

Note: This section contains information in English only.
Source: WBP Online
The Swiss Franc reached a three-week high after the Federal Reserve Chairman Ben Bernanke said that quantitative easing is still necessary for the U.S. economy as the labour market has not recovered enough. The currency gained 0.8% to 0.9500 versus the U.S. Dollar as of 11:28 a.m. CET. Against the Euro, it climbed 0.27% to 1.2396, with the common currency losing on downgrade of Italian rating.
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Thu, 11 Jul 2013 14:19:10 GMT

U.S. unemployment claims rise to 2-month high

The number of people seeking unemployment benefits in the previous week increased to the two-month high, however the rise could reflect provisional changes in summer jobs patters in large industries like autos and education. Jobless claims jumped by 16,000 to the seasonally adjusted 360,000, last week ending on July 6.

Thu, 11 Jul 2013 13:57:04 GMT

Italy's debt costs increase as S&P lowered rating

The Italy's government auctioned medium- and long-term government securities on Thursday, increasing short of the targeted amount, after S&P's lowered Italian sovereign dept rating by two notches over junk territory. Italy sold 3-,5- and 10-year notes and floating rate bonds on primary market for €6.35 billion, gaining less than €6.5 billion maximum expected. 

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