Thursday, February 21, 2013

Euro Hit By Unemployment Data Portugal

Euro Terpukul Oleh Data Pengangguran Portugal

Monexnews-the Euro slipped versus the U.s. Dollar as unemployment figures in Portugal to merangsek the highest level throughout the history of the block 17-State. The unemployment rate in Portugal surged to 16.9% from 15.8% in Q3, according to the report the National Statistics Institute in Lisbon. The Euro has the potential to be further depressed if growth data Thursday showed the economies in the region are increasingly shrinking in the last quarter of last year.

"The Prime Minister of Portugal showed a sharp rise in concern over the unemployment rate, which was released a day before the Euro zone growth data," said Joe Manimbo, a market analyst at a Western Union Business Solutions in Washington D.C. "the anxiety on the economy appears to be starting to come to the surface again." (vid)

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Title Post: Euro Hit By Unemployment Data Portugal
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