New Zealand's unemployment rose to 6.7% in Q1

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Source: Forexpros
Jobless rate in New Zealand increased unexpectedly in Q1 of 2012, reported Statistics New Zealand. The unemployment rate in the country advanced to 6.7% in Q1 as compared to 6.3% in the previous quarter. Experts predicted the jobless rate to stay unchanged at 6.3% in Q1. After the release of data, New Zealand Dollar posted losses against its US counterpart and NZD/USD traded at 0.8081, falling by 0.33%.

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Thu, 03 May 2012 06:12:51 GMT

US crude oil stockpiles surged by 2.8 million barrels last week

US crude oil stockpiles soared by 2.8 million barrels last week, reported the EIA. The inventories of crude oil approached 375.9 million barrels, being near the upper level of average range in this year period. At the same time, total gasoline inventories dropped by 2.0 million barrels, approaching the middle level of average range.

Wed, 02 May 2012 15:25:49 GMT

Euro Zone PMI hit three-year low of 45.9 in April

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