Forex News and Rumors

US Retail Sales Fall 0.4 %

For the second straight month US retail sales fell by 0.4 percent for the month of April following a 1.3 percent drop in March. More

UK Unemployment Tops 2 Million

The Office for National Statistics (ONS) said today that the unemployment rate in the UK rose from 6.7 percent to 7.1 percent for the month of April bringing the total number of unemployed to 2.2 million. More

Yen Gains on US Retail Sales Loss

The yen gained 0.3 percent rising to 96.17 to the dollar in New York this morning on news of a decline in US retail sales. More

Bank of England Suggest Worst Could Be Over

Falling in line with several other central banks, the Bank of England released its a prediction that the pace of decline in the Gross Domestic Product (GDP) could slow later this year but actual recovery could actually take longer than previously believed. More

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