Euro probes new lows on divergence talks

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Source: Reuters
The Euro continues to abate as the Dollar to rises to new highs. The euro touched an almost two-year low on Thursday on the possibility of the Federal Reserve pursuing a divergent monetary policy between it and the ECB. The common currency now trades at $1.2754, gaining from $1.2730, matching the lows of November 2012. Economic data also put pressure on the Euro; German business sentiment was down, while U.S. home sales rocketed.
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Fri, 26 Sep 2014 09:14:03 GMT

Copper manages to gain on U.S. GDP data

The strong American Dollar had dampened the attractiveness of commodities as investments; however, copper was able to increase from its almost four-month lows before the release of U.S. GDP data. The metal pushed up by 0.6%, adding $38.75 to its price of $6,733.75 per metric ton on the LME early morning in Tokyo. Nevertheless, the metal is down 4.1% overall

Fri, 26 Sep 2014 08:19:14 GMT

The Greenback continues its stride forward

The American Dollar is still on its path towards growth, fuelled by the Fed planning to end the QE in October and raising the interest rated mid-2015, paired with sluggish growth of other economies. The Dollar Spot Index added 0.1%, highest since mid-2010. In addition, the GDP for the second quarter is set to have grown 4.6%, adding to consumer

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