Forex News and Rumors

Eurozone Unemployment Continues to Rise

Total unemployment for the sixteen countries comprising the eurozone (i.e. the countries that use the euro currency) rose from 9.3 percent in April to 9.5 percent in May. This is the highest unemployment rate since May, 1999. More

US Retail Sales Better Than Expected

The US Commerce Department said today that retail sales rose 0.6 percent in June, beating analyst predictions of 0.4 percent. More

Investor Confidence on the Decline in Germany

An index used to measure confidence among German analysts and investors fell in July, declining from 44.8 in June to 39.5. This is the first time the index has fallen since October, 2008. More

Canadian Dollar Climbs on Positive Sentiment

The Canadian dollar – nicknamed “the loonie” – climbed to its highest level in three weeks against the US dollar as positive corporate earnings and a rise in commodities led to increased support for greater risk. The loonie was lifted to C$1.1440 to the U.S. dollar by 8:00 AM New York time – up from C$1.1518 at Monday’s close. More

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