US: Challenger Job Cuts rise to 55.356K in February

Layoffs in February were of 55.356K in the US, according to Challenger, Grey & Christmas. A higher figure than January's 40.4K.

Mar 7, 2013

Euro on the brink of establishing new 2013 lows?

After testing 2013 lows in the vicinity of 1.2965/70 soon after the close in Wall St. on Wednesday, the single currency attempted a pretty decent bounce above 1.3040 during the European morning, fortified by...

Forex Flash: Price action is more about position adjusting than the news stream - BBH

News that S&P was changing its rating outlook for Portugal from negative to stable may have helped spur some euro buying, says the BBH team. "However, the wider-than-expected Australian trade deficit (A$1.057 bln vs. consensus of A$500 mln) did not stand in the way of the Australian dollar's recovery", they comment.