EUR/USD Weaker as German Exports Fall At Fastest Pace Since 2009, Bank of England Keeps Rates On Hold

Bad economic data from Berlin, German Exports Fall At Fastest Pace Since 2009, German exports logged its biggest fall since early 2009, making it harder for the largest Eurozone economy to recover from the contraction seen in the second quarter, data from Destatis revealed Thursday. Exports fell by a more-than-expected 5.8 percent month-over-month in August following the 4.8 percent rise in July. Shipments were forecast to drop by 4 percent 

From Sidney we reported, Australia September Jobless Rate 6.1%, The unemployment rate in Australia was a seasonally adjusted 6.1 percent in September, the Australian Bureau of Statistics said on Thursday

From Tokyo monetary economic update, Bank of Japan Chief Says Many Options Available To Ease Monetary Policy Further, The Bank of Japan has many policy easing measures available and it will not hesitate to adopt any actions if required to achieve the 2 percent inflation target, Governor Haruhiko Kuroda said Thursday. Overcoming deflation is an important prerequisite for raising growth potential, Kuroda told the Economic Club of New York. The bank's commitment is result oriented, Kuroda added, Japan August Core Machine Orders Spike 4.7%
Core machine orders in Japan jumped 4.7 percent on month in August, the Cabinet Office said on Thursday - worth 807.8 billion yen    

London monetary latest update, Bank of England Keeps Rates On Hold, The Bank of England maintained its key policy rate at its historic low once again as policymakers await more concrete signs to suggest that the economic recovery is becoming sustainable amid slowing inflation. The nine-member Monetary Policy Committee decided on Thursday to retain its key rate at a record low 0.50 percent and the asset purchase programme at GBP 375 billion 

Meanwhile from U.S Labor dept, U.S. Weekly Jobless Claims Unexpectedly Show Modest Drop, In another upbeat sign for the job market, the Labor Department released a report on Thursday showing an unexpected drop in first-time claims for U.S. unemployment benefits in the week ended October 4th.

Source: rtt news