Italian unemployment jumps to 13.2%

Note: This section contains information in English only.
Source: Bloomberg
Italian unemployment rate grew a third month in a row, reaching a level of 13.2% for the month of October against a forecast of 12.6%. Meanwhile, Matteo Renzi, Italian Prime Minister, is struggling to solve the problem of high unemployment by implementing reforms to make the labour market less rigid than it currently is. However, the official is facing strong opposition from the labour unions and other politicians, which is likely to postpone realisation of the needed changes.
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Fri, 28 Nov 2014 11:31:05 GMT

Euro zone's common currency falls against US Dollar

The Euro depreciated against the US Dollar amid the Euro area inflation coming in line with the expectations of a 0.3% increase in the price level. So fay today the Euro has fallen 0.09% versus Greenback, reaching $1.2454.

Thu, 27 Nov 2014 11:57:03 GMT

Euro continues to depreciate against US Dollar

Even though the German unemployment rate came below the forecast and economists expect the core inflation to stand at 0.7%, the Euro continues to move lower against the US Dollar. And the bearish trend is likely to persist, according to the BNP Paribas analysts, as the ECB should preserve the dovish rhetoric by leaving the door open for more easing.

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