(eToro Blog) Earlier today, the ECB announced that its benchmark rate of 1% would be unchanged, in line with expectations, and investors were clearly anxious to hear the bank’s stance now given the most recent economic data, for a clue to how and when the central bank intends to address the economies’ r

The New Zealand dollar slid today to the lowest level in more than two months as the nation’s unemployment rate rose, even though analysts said that it would decline, and employment growth was below expectations.

The New Zealand unemployment rate climbed from 6.4 percent in the fourth quarter of 2011 to 6.7 percent in the first quarter of 2012. The

(eToro Blog) The New Zealand Bureau of Statistics reported late yesterday that the country’s unemployment rate ticked up to 6.7% from an upwardly revised 6.4% in the first quarter, against expectations that the number would remain essentially unchanged. The accompanying statement suggested that the data rise c

Factory Orders for the month of March were released this morning. New orders were down 1.5 percent month-over-month, better than the 1.7 percent decrease anticipated by analysts; however, lower than the revised February increase of 1.1 percent.

From the release by the US Census Bureau, “New orders for manufactured g

The Canadian dollar climbed against the euro today as declining manufacturing of the eurozone weakened the shared 17-nation currency. Canada’s currency erased losses versus the US dollar and was flat against the Japanese yen.

It is not surprising that the Canadian currency gained against the euro, considering the shrinking eurozone manufacturing an

The Great Britain pound climbed to the highest level in almost two years against the euro today as better-than-expected macroeconomic data from the United Kingdom was a stark contrast to negative fundamentals in Europe. The currency was flat against the Japanese yen and fell against the US dollar.

The UK construction Purchasing Managers’ Index s

Euro is losing ground today as recession fears once again come into focus. Disappointing economic data in the eurozone, as well as a growing gap between Germany and the peripherals, are weighing on the euro. Additionally, it’s not helping risk appetite that the data coming out of the United States has turned out to be disappointing as well.

In the