Euro remains weak; French bond auction in focus

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Source: Marketwatch
The Euro remained weak against the US Dollar and the Yen amid growing fears over the spreading Euro Zone's crisis after S&P downgraded credit ratings of nine Euro Zone countries and anticipation of French bond auction. The Euro traded at $1.2645 at Asian trade as compared to $1.2677 in late Friday's American trading. The common currency traded at ¥97.13 today as compared to ¥97.39 during the late Friday's North American trade.


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Mon, 16 Jan 2012 07:57:48 GMT

Grain futures sharply lower on Friday

US grain futures closed essentially lower on Friday following the US Department of Agriculture unexpectedly reported about higher stockpiles of corn and wheat. Corn futures dropped 8% during two sessions after the report release while wheat futures lost about 6%. High US Dollar also weighted down on the agricultural commodities' prices.

Mon, 16 Jan 2012 07:57:31 GMT

Greek debt reduction plan enters critical stage

Greek officials and country's creditors return to talks this week to continue impeded discussions on debt reduction as Germany is increasing pressure to close the deal. Both sides disrupted talks on January 13 as they struggled to agree on the maturity and coupon size of the new notes which should determine investor losses. Uncertainty related to the outcome of talks

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