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Forex News and Rumors

US Jobless Rises to 9.4%

Unemployment is the US jumped to 9.4 percent in May with another 345,000 jobs lost. Despite the increase in unemployment, this is the fewest jobs lost since September and is the fourth straight month where the pace of layoffs has eased. More [1]

UK Economy Shrinks as Construction Falls 9%

The Office for National Statistics reported today that construction output fell by 9 percent for the first quarter of the year greatly exceeding estimates of 2.4 percent and the worst quarterly result since 1979. More [2]

Canadian Dollar Falls on Weak Employment Numbers

The Canadian dollar fell on news that another 42,000 jobs were lost in May pushing unemployment to an 11-year high of 8.4 percent. More [3]

Bond Yield Increases Signal Higher Retail Lending Rates

Tentative signs of improvement in the US economy and a recent upgrade in bank stocks is encouraging investors to leave the safety of government debt in favor of higher-yielding equities. This is expected to lead to higher yields to attract more investment in government bonds which will lead to higher interest rates for retail customers. More [4]

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.

Scott Boyd

Latest posts by Scott Boyd (see all [7])

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URL to article: https://www.marketpulse.com/20090605/forex-news-and-rumors-155/

URLs in this post:

[1] More: http://news.yahoo.com/s/ap/20090605/ap_on_bi_go_ec_fi/us_economy;_ylt=Avm77E9tGYaFr8lNizWQcxGyBhIF;_ylu=X3oDMTJiYXU2bWxqBGFzc2V0A2FwLzIwMDkwNjA1L3VzX2Vjb25vbXkEY3BvcwMyBHBvcwM2BHNlYwN5bl90b3Bfc3RvcnkEc2xrA2pvYmxlc3NyYXRlaA--

[2] More: http://news.bbc.co.uk/2/hi/business/8084740.stm

[3] More: http://ca.news.yahoo.com/s/reuters/090605/canada/canada_us_economy_jobs

[4] Morehttp://news.yahoo.com/s/ap/20090604/ap_on_bi_ge/us_credit_markets

[5] Bio: #ts-fab-bio-below-865

[6] Latest Posts: #ts-fab-latest-posts-below-865

[7] Scott Boyd: https://www.marketpulse.com/author/scott/

[8] Japan’s Demographic Trap: https://www.marketpulse.com/20120625/japans-demographic-trap/

[9] Officials Talk Openly of Greek Euro Exit: https://www.marketpulse.com/20120516/officials-talk-openly-of-greek-euro-exit/

[10] Greek Voters Prepare to Roll the Dice: https://www.marketpulse.com/20120515/greek-voters-prepare-to-roll-the-dice/

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