Home · Business · Sep 17 archive
Argentina's Unemployment Rate Rises to 7.9%
Developing
In Short: Argentina's unemployment rate climbed to 7.9% in the second quarter, up from 7.8% previously.
Argentina's unemployment rate increased to 7.9% in the second quarter, up from 7.8% in the previous quarter, according to reports.
The currency market saw a brief dip in the USD/JPY exchange rate below 156.00 in the Asian session on Thursday, but it is now reversing that trend.
RBA rate-hike expectations and optimism over US-Iran diplomatic efforts have lifted risk sentiment, supporting the Australian Dollar and other major currencies.
The Bank of England maintained its Bank Rate at 3.75%, but its outlook on inflation has worsened, leading to a hawkish stance.
Despite the economic challenges, the global currency markets continue to show resilience, with shifts in sentiment influencing exchange rates.
What's still developing
- Nothing material beyond the confirmed record.
Sources
- FXStreetlink