|
Headlines
Market news and breaking stories live from Dow Jones Newswires
Market Commentary
A technical analysis commentary of the major markets, only from INO
Smart Scan
A premium service, alerting you to changes in the market by web and email.
Extreme Futures / Stocks
Extreme Markets from all exchanges, updated throughout the trading day.
|
| |
|
Trade Triangle Technology, Advanced Charts, SmartScan, Trading Workshops.
The premier online video learning platform for traders.
Daily Portfolio Scan and Analysis
|
| |
|
Euro Rebounds Versus Dollar And Yen 82 days ago
(RTTNews) - The euro bounced back against its major rivals on Thursday in New York as traders showed optimism in the global economy and riskier currencies, despite a drop in equities.
The Organization for Economic Co-operation and Development sharply raised its combined growth forecast for its 30 member nations. But, the global recovery led by China is still too timid to halt the rising unemployment, the think-tank noted.
Meanwhile, the Federal Statistical Office of Germany said the number of persons in employment decreased by 0.2% or about 81,000 year-on-year in the third quarter compared to a 0.1% rise in the second quarter. During the quarter, there were 40.4 million employed persons. The statistical office said the third quarter decline in employment was the first since the corresponding period in 2005.
The euro was little changed against the dollar near 1.4900 after recovering an early slip. The 16-member currency has been range-bound for about two weeks near a 15-month high of 1.5062.
The report showed that jobless claims for the week came in at 505,000, unchanged from the previous week's revised figure. Economists had been expecting jobless claims to edge up to 504,000 from the 502,000 originally reported for the previous week.
The euro continued to edge away from a two-month low against the British pound. The common currency moved near 0.8955 after dippingbelow 0.8900 yesterday.
In the UK, the seasonally adjusted volume of retail sales rose 3.4% year-on-year in October, the Office for National Statistics said Thursday. That was the fastest growth rate since May 2008.
The euro recovered most of its daily losses after hitting a two-week low against the yen. The European currency hit as low as 131.74 before rebounding back near 132.50.
The Japan Department Stores Association said that nationwide department store sales fell 10.5% year-on-year in October. This marks the twentieth straight month in which sales have dropped.
For comments and feedback: contact editorial@rttnews.com
Copyright(c) 2009 RTTNews.com, Inc. All Rights Reserved
< Back to News Index
|
