Market, the euro fell against the dollar and the yen.

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The euro fall against other major currencies after the publication of statistics showing a further deterioration of the situation in Europe. The single currency plunged by 1.6% against the dollar to 1.27 dollar per euro and 1.5% to 121.3 yen address the Japanese currency. The dollar grappille 0.1% to 95.5 yen.

The unemployment rate seasonally adjusted stood at 7.7% in the euro area in October 2008, against 7.6% in September (revised from an initial estimate of 7.5%). Eurostat said that the rate was 7.3% in October 2007.

These figures reinforce those published in France last night, the second euro-area economy. The number of jobseekers in France rose by 2.4% in October, 46 900 people. On a year, the number of jobseekers rose by 4.4%. In late October, the number of job seekers exceeded 2 million, reaching 2 004 500.

In addition, INSEE reported a 0.9% decline in producer prices in the industry in France in October. Similarly, the rate of inflation in the euro zone would be 2.1% in November 2008, against 3.2% in October. These data reinforce the prospect of falling rates of the ECB at the next meeting of its board of governors next week.

ECB President Jean-Claude Trichet had indeed opened the door to that possibility in midweek, while the European Commission confirmed the implementation of a plan to support 200 billion euros (1.5% European GDP).

The pound sterling fell 0.5% against the dollar to 1533 dollars for a book deal and climb to the single currency, down 1% to 0829 euro for a book.

The single European currency symbol finally 1545 Swiss francs to one euro, down 0.3%. Daily Forex News And Tips / Make Money by Learning