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FXstreet.com (Barcelona) – Manufacturing activity in the Euro Zone is approaching levels close to contraction, according to the latest flash estimation manufacturing PMI, which continues declining in a context of an strong euro and after the credit crunch which seem to be suffocating European manufacturing sector.

The flash estimation of the Euro Zone’s Manufacturing PMI advances a decline to 51.5 in October from 53.2 in September, while te services PMI recovers to 55.6 in October from 54.2 in September.

The composite PMI has declined slightly to 54.5 in October from 54.7 in September.

Originally from FXstreet.com: Latest News on October 24, 2007, 8:45am

FXstreet.com (Barcelona) – The amount of laid-off workers applying for unemployment benefits has grown in the week of September 29 after a surprising decline in the previous week.

Initial jobless claims have grown by 16,000 to a seasonally adjusted amount of 317,000, according to figures released by the Commerce Department. Claims for the previous week have been revised up to 301,000 from the initial estimation of 298,000.

The latest increase in claims has surpassed the experts’ forecasts, which advanced an increase by 12,000 new claims.

The four week average, more trustworthy as it erases seasonal influences, has increased by 500 to 312,750.

Originally from FXstreet.com: Latest News on October 4, 2007, 12:41pm

The dollar gave back some gains from the previous session against other major currencies Thursday morning as traders looked ahead to Friday’s release of a key employment situation report. Prior to that, investors will get initial jobless claims data for the week of September 29 at 8:30 am ET.

Originally from RTT - Currency Trading Alerts on October 4, 2007, 4:51am

The greenback was mixed against the other majors on Thursday in New York, reversing the moves it made on Wednesday. The dollar was up on the euro and sterling and down against the yen. Traders considered data revealing that consumer credit rose $13.1 billion in June compared to an upwardly revised $16 billion increase in May.

Originally from RTT - Currency Trading Alerts on August 9, 2007, 2:51pm

The Canadian dollar fell the most in two weeks, getting swept up in worldwide credit concerns as investors reduced their exposure to risky positions, including…

Originally from Currency Trading News by DailyFX on August 9, 2007, 4:57pm

Stocks slumped Thursday afternoon, as revived concerns about the global credit market caused investors to dump equities and seek safer havens for their money.

Originally from Latest stock market news from Wall Street - CNNMoney.com on August 9, 2007, 10:36am

The US dollar surged against its European counterparts, as credit fears rose to the surface once again after BNP Paribas suspended three funds and the…

Originally from Currency Trading News by DailyFX on August 9, 2007, 1:14pm

Global Insight analysts commented on the global credit squeeze. They commented that financial markets continue to experience distress from a sharp rise in spreads on borrowing across the whole spectrum of risk classes, combined with a sudden reduction in appetite for investing in these assets.

Originally from RTT - Currency Trading Alerts on August 9, 2007, 7:57am

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Originally from Latest stock market news from Wall Street - CNNMoney.com on August 9, 2007, 7:43am

Against the Canadian dollar, the U.S. currency moved sideways between 1.0470 and 1.0495 in the Asian deals on Thursday. But the Greenback showed strength during the European session and it has been moving further higher lately. As of 7:58 am Eastern Time, the pair fetched 1.0546.

Originally from RTT - Currency Trading Alerts on August 9, 2007, 4:58am