Forex News and Rumors – Afternoon Update

Japan’s Jobless Rate Climbs to 4.4%

A 3.5 percent reduction in consumer spending helped trigger more job losses in Japan where results for February show that unemployment rose from 4.1 percent to 4.4 percent. More

US Consumer Confidence Stops Multi-Month Slide

The US Consumer Confidence index rose slightly to 26.0 from 25.3 last month according to data supplied by the Conference Board. This is the first increase in the index after three straight months of declines. More

Mexico Expected to Take IMF Credit Line

Mexico is expected to take a $30 to $40 billion line of credit from the International Monetary Fund (IMF). Mexican President Felipe Calderon said that Mexico would use the money to boost its foreign reserves. More

IMF Reduces Dollar Holdings

The International Monetary Fund (IMF) has reduced the amount of US dollars it keeps in reserve to 64 percent from 64.4 percent, while increasing the amount of euros to 26.5 percent from 25.6 percent. The percentage of yen was also increased to 3.3 from 3.2 percent. More

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.