Tag: EURO/USD

U.S. PMI Manufacturing Index Tumbled Down to 49.7%

Today the U.S. Manufacturing ISM report came out; according to the recent update, the U.S. Manufacturing PMI index fell to 49.7% during June 2012. The U.S. Manufacturing PMI is an index that estimates the economic progress of the U.S. manufacturing…

Recommended posts for the weekend – August 28

Bernanke’s speech in Jackson Hole didn’t bring any major stir up in the financial markets, but there is still high uncertainty in the markets in regards to the future economic progress in the US and Europe. Hurricane Irene that hit…

U.S. initial claims fell last week May 19

The U.S. jobless claims report was published today and showed a decline in initial claims by 29,000 for the week ending on May 14th, as it reached 409,000 claims; the insured unemployment rate remained unchanged at 3.0% for the week…

Euro Area Construction output fell in March

Today Euro Stat published its recent report regarding the Euro Area Construction output during March 2011: the report shows a decline in the in the construction output compared to February 2011 by 0.3% in the Euro Area. On the other…

The EURO/USD drops as ECB left interest rate unchanged

Despite the expectations that the European Central Bank will raise its interest rate, eventually the Interest rate of ECB remained unchanged at 1.25%. The financial markets reacted very promptly to the news and EURO/USD fell very rapidly. Furthermore, major commodities,…