U.S Productivity fell by 0.3%

Tuesday, 9 August 2011 04:47

Productivity in the U.S fell in the second quarter of 2011 (April through June) yet again.  Second quarter productivity reports decreased by 0.3% annualy, lower than a 0.6 decrease in the prior three months. 

Labour costs jumped at a 2.2% rate.

The Euro/Dollar session today has shown indecisive between both of the currencies.  The pair has been struggling between the range of 1.55 and 1.75 for most of the day, without clear indication of direction.  The Euro picked up pace after marking a low of 1.4151.  The pair is currently trading at 1.4255, leading more to today's session high of 1.4284.