Unemployment rate in the euro-zone increases

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Source: Forexpros

Unemployment rate in the euro-zone increases unexpectedly for the second month. The rate increased to 10.3% on a seasonally adjusted basis in October compared with 10.2% in September, according to Eurostat. Experts predicted the euro-zone's unemployment rate remain unchanged at 10.2%. The number of unemployed in the euro-zone approached 23.55 million people in October.

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Thu, 01 Dec 2011 07:57:16 GMT

Yen drops as Euro strengthens

On Thursday Japanese Yen weakened against most of its major counterparts as Asian shares rallied stimulating demand for safe assets. The yen reached almost 2-week low against Euro on Fed's announcement that it has lowered dollar swap rates to support Europe. Japanese domestic currency hit ВҐ104.60 from ВҐ104.37 on New York trade yesterday. The pair currently is trading at ВҐ104.45.

Thu, 01 Dec 2011 07:56:38 GMT

Aussie drops amid decline of building permits retail slowdown

Australian national currency tumbled from almost 2-week high on government reports indicating building permits plunged in October while private consumption reduced. Building licenses declined by 10.7% in October on monthly basis. Aussie weakened against most of its 16 major peers giving up 0.6% against US dollar, reaching $1.0226 in Sydney morning trade. The pair currently is trading at $1.020.

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