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Thursday April 12, 2012 - www.knowledgetoactionnews.com - Established 2004
Euro gains on weak US joblessness data
Following the publication of revised figures for US joblessness for last week, Forex Pros reports the euro has risen against the greenback.
Individuals keen to learn more about forex trading may be interested to see the European single currency has made gains this afternoon (April 12th) against the US dollar.US initial jobless claims were found to have been higher than previously reported at 380,000 last week, while analysts had expected the figure to be closer to 355,000.
As of 13:45 BST, the single currency stood at 1.3140 - a rise of 0.24 per cent from its position at the opening of trading this morning.
Earlier today, the euro showed a positive start to trading despite investor fears of ongoing instability in many eurozone economies - most notably Spain.
This sense of apprehension was compounded by the increasing cost of Italian three-year borrowing, which applied pressure to the euro in forex trading against its rivals.
Posted by Greg Secker
- Knowledge to Action News12-04-2012
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