US Jobless Claims Fall, but Unemployment Rolls Keep Growing
The number of Americans filing new applications for jobless benefits suddenly went down last week, as reported yesterday, December 24, by Reuters. The report said…
Posts Tagged: Unemployment
Canadian Dollar Soars After Investors Cheer Justin Trudeau Resignation
The Canadian dollar soared to kick off the trading week as investors cheered on Prime Minister Justin Trudeau announcing he was stepping down. The loonie…
Loonie Little Changed After Canadian Economy Loses Jobs for Second Straight Month
The Canadian dollar was little changed against multiple currencies to finish the trading week. The loonie was under focus after a second straight weak jobs…
Chinese Yuan Continues Slump After Disappointing GDP, Retail Sales Data
The Chinese yuan’s struggles were amplified this week after disappointing data put a sour spotlight on the world’s second-largest economy, from abysmal growth to smaller…
EUR/GBP Ranges as Recession Looms; Investors Waiting on Key UK & Eurozone Data
While investors wait for crucial UK and eurozone data, the EUR/GBP currency pair seems to be floating aimlessly at 0.8730. The cross struggles for action…
Chinese Yuan Extends Weakness After PBoC Slashes Interest Rates Amid Disappointing Data
The Chinese yuan extended its losses against its US counterpart in the middle of the trading week following more disappointing data emanating from the world’s…
USD/CNY Rises After Chinese Economy Sees Lower-Than-Expected Second-Quarter GDP
The Chinese yuan weakened against its currency rivals heading into the fresh trading week following weaker-than-expected economic data. While the Chinese economy expanded in the…
USD/CNY Slides Below 7.00 As Weak Retail Sales, Industrial Output Come Into Focus
The Chinese yuan ended the trading week below the 7.00 mark against its US counterpart. The yuan has been front and center of global financial…