Shared currency near eight-month low as short bets climb

Note: This section contains information in English only.
Source: Bloomberg
The Euro was 0.4% from its weakest level against the Greenback since November after the investors held the biggest position anticipating the fall in the currency ahead of the ECB meeting this week. The common currency dropped 3.2% during the previous three months following ECB's decision to cut the rates to boost the inflation. The Euro traded at $1.3424 after sliding to $1.3367 on July 30th, the lowest since November.
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Mon, 04 Aug 2014 08:39:13 GMT

U.K. currency falls as economic data disappoints

The Sterling depreciated for the fourth week in a row versus the Greenback as U.K. economic figures from the manufacturing production to the consumer confidence were lower than anticipated. The Pound slipped 0.8% to $1.6832 dropping to a 7-week low. That is the longest decline since March 8th. The Sterling fell 0.9% to 79.80 pence per Euro. It is projected the U.K. currency will slide

Mon, 04 Aug 2014 06:53:13 GMT

Refinery fire causes further WTI fall

As a refinery fire decreased demand the West Texas Intermediate fell to its lowest point in six months. The Coffeyville refinery could be shut down for as long as four weeks with the downward pressure on the prices continuing. Furthermore, this added to the largest fall in more than two years for the WTI as it fell 6.8% in July.

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