Forex News and Rumors

Morgan Stanley Racks Up Big Losses

One day after Goldman Sachs announced that it had lost $2.12 billion in the fourth quarter, Morgan Stanley released its statement showing that it had lost $2.37 billion in the same time frame. More

UK Unemployment Rises by 137,000

The number of people claiming Jobseeker’s Allowance in the UK increased by 137,000 brining the nation’s unemployment rate up to 6% from its previous mark of 5.8% for the three months ending October. More

Dollar Marks Big Losses After Rate Cut

The dollar fell to its lowest level in over a decade against the yen yesterday and its weakest level versus the euro in the past three months after the Federal Reserve cut benchmark lending rate bu severnty-five basis points to 0.25 percent. More

US Current Account Deficit Shrinks More Than Expected

The US Current Account deficit reduced more than expected between July and September and now stands at $174.1 billion. More

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