Forex News and Rumors

Eurozone Unemployment Continues to Rise

Figures released today show that unemployment across the eurozone rose to 8.5 percent for the month of February – or 13.47 million people – from 8.3 percent in January. More

Ireland’s Unemployment Rate Now 11%

Ireland’s unemployment rate rose to 11 percent in February from 10.4 percent in January. This is the highest level of unemployment since 1996. More

Weak Economic News Pushes Crude Price to $48

Further signs of trouble for the world’s major consumers of oil has pushed prices down after several weeks of gains. Brent crude prices fell $1.18 to $48.05 a barrel on the ICE Futures exchange while May delivery contracts were down $1.49 to $48.17 in mid-day trading on the New York Mercantile Exchange. More

Obama Calls on Leaders to “Pick up the Pace” on the Economy

President Barack Obama cautioned the G20 leaders that the world could not expect the US to provide most of the stimulus to turn around the global economic decline. The President urged other leaders to “pick up the pace” and join in a coordinated effort to deal with the crisis. More

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