Swiss foreign reserves expansion slows in August

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Source: Reuters
The SNB's foreign reserves reached 71% of annual output in August, with a slower pace of growth adding signs that less central bank action was necessary to enforce its ceiling of 1.20 Swiss Francs per Euro. The SNB's foreign exchange reserves rose to 418.430 billion Swiss Francs from 408.605 billion in July, preliminary data from IMF showed on Friday.
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Fri, 07 Sep 2012 09:47:33 GMT

France trade deficit declines in July

The French trade gap narrowed more than forecast in July, lead by a significant drop in imports, the Directorate General of Customs and Excise said on Friday. The deficit tumbled to EUR 4.27 billion from EUR 6.06 billion in the previous month. Economists expected a slid to EUR 5.85 billion. Exports surged to EUR 36.58 billion in July, while imports

Fri, 07 Sep 2012 11:11:35 GMT

Coffee plunged amid ample global supplies

Rural commodities were mixed on Thursday, with grains rebounding and coffee and sugar slumping. Broadly weaker greenback pushed farm commodities higher. Meanwhile, market participants remained focused on weather forecasts in the US, Brazil, India and Russia. Wheat rallied after, Australia, the second-largest global exporter, announced that wheat harvest may miss government estimates as dry weather harmed crops. Corn advanced on speculation

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