Forex News and Rumors

New US Jobless Claims Decline to 601,000

The US Labor Department reported today that the total new claims for unemployment benefits for the previous week fell to 601,000. This is 24,000 fewer than the week before and 14,000 less than analysts predicted. More

Pound Reaches 2209 High Against Euro

The British pound rose to 1.1758 euros in mid-day trading in London. New data suggesting that the worst of the UK recession could be over prompted a flurry of buying which pushed sterling to a high for 2009. More

Consumer Prices in China Fall for 4th Straight Month

China’s Consumer Price Inflation – which measures the cost of consumer goods – fell 1.4 percent in May. This is the fourth straight month that consumer prices have fallen. More

Ireland’s Retail Prices Drops 4.7%

Retail prices as measured by the Consumer Price Index indicated a 4.7 percent drop in May from the same month one year ago. Ireland has been particularly hard hit by the global recession with an unemployment now estimated at 11.8 percent. More

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