Forex News and Rumors

ECB Cuts Interest Rates

The European Central Bank (ECB) announced an interest rate cut of a quarter of a percentage point from 1.5 percent to a record low of 1.25 percent. More

US New Jobless Claims Jumps to 669,000

The US Labor Department reported today that 669,000 new jobless claims were filed for the previous week – a jump of 12,000 from the previous week. More

G20 Optimism Spills Over Into Markets

Markets in Asia and Europe got off to a roaring start on Thursday on growing optimism that new stimulus plans and other agreements resulting from the G20 summit meeting will help the ongoing economic crisis. More

Euro Gains on Interest Rate Cut and US Unemployment

The euro is set to make further gains on the dollar on news of a quarter point interest rate cut by the ECB and more job losses in the US. More

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