German unemployment surges against forecasts

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/FP
Number of unemployed people in the largest economy of Eurozone added 25,000 in September, while analysts expected the unemployment to fall by 5,000. Moreover, the jobless rate advanced to 6.9% from 6.8% in August. Economists point out that the economy of Germany is growing, however, some big domestic companies like Siemens AG have recently announced big job cuts.
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Tue, 01 Oct 2013 10:21:17 GMT

Won gains versus U.S. Dollar amid deadlock in U.S. Congress

South Korean currency increased on Tuesday reversing previous loss after demand for the U.S. Dollar was reduced as the U.S. government shut down partially for the first time in seventeen years amid a deadlock in Congress. The Won advanced 0.1% to 1,073.56 per U.S. Dollar at the close in Seoul following a 0.2% drop earlier on the session.

Tue, 01 Oct 2013 09:59:03 GMT

The greenback depreciates against Swiss Franc amid U.S. Shutdown

The U.S. Dollar dropped to a 19-month low versus the Swiss Franc amid partial U.S. government shutdown, boosting speculation the Fed will retain its monetary policy that weakens the currency.The Dollar slid 0.5% to 90.03 Swiss centimes at 8:32 in London after weakening to 89.93 centimes, the lowest since February 29, 2012. The greenback lost 0.3% to $1.3575 per Euro,

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