According to the U.S. Department of Labor, unemployment rateÂ remained at the level of August and July - 9.1% in September, as expected.
By: Barbara Zigah
The Euro slipped close to a 9-month low against the U.S. Dollar as new-found fear grips investors worried that Greece is imminently about to default on its sovereign debt. In earlier Asian trading, the Euro had fallen to a low of $1.3163 before regaining some ground, trading at $1.3207.Over the weekend, the Greek finance minister cautioned markets that the country would not meet deficit targets in spite of the implementation of new austerity measures. Finance ministers from the Eurozone are reconsidering private sector involvement in the second Greek bailout package; if the package is reduced, the potentiality of a Greek default rises tremendously.
The finance ministers also decided to cancel their October meeting, which means that the Greek government will experience a delay in receipt of the next tranche payment. One senior strategist in Tokyo sees the move as a sign that the finance ministers are discussing an orderly default.
Growth fears in China, seen as the driver of the worldsâ€™ various economies, are also weighing heavily on the currency markets with higher risk currencies under significant pressure; the Australian Dollar earlier fell to a 1-year low against the greenback with risk averse investors pulling their funds out of all commodity-linked currencies. The AUD/USD pair slipped to $0.9454, a 1-year low.
The U.S. Dollar Index, which gauges the strength of the greenback against a weighted basket of currencies, including the Euro, has also been pushed to a 9-month high.Â
LiteForex group of companies notifies the participants of â€œTradersâ€™ marathonâ€ of modifications which will apply to the participation terms and determination of winners.Â Â
According to clientsâ€™ numerous demands and the contest evaluation, weâ€™re improving the terms of â€œTradersâ€™ marathonâ€ by reducing the initial capital amount on the contest accounts.Â Â
The modifications stated in the paragraphs 2.3 and 3.2 will enable a greater number of traders willing to win to apply their professional skills to the contest. From now on, the initial deposit amount on a contest account may be less than $100 when registering an account for the contest, but by the start of the contest it can be brought up to the necessary level by means of making transactions.Â Â
Other modifications concerning the regulations of â€œTradersâ€™ marathonâ€ are available on the contest page.Â
New paragraphs refer to the present â€œTradersâ€™ marathonâ€ contest, can be found on the official site and come into force as soon as this press-release is published.Â