US Dollar weakens on improving economic outlook

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Source: Bloomberg
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US Dollar depreciated against its major counterparts on Tuesday before US data on industrial production output and home-builder confidence. Economists questioned by Bloomberg expect US industrial output surged 0.5% in December, while home-builder sentiment increased to 22 in January. Dollar fell 0.3% against Euro to $1.2777 in Tokyo yesterday. Currently EUR/USD is trading at $1.2756.
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Wed, 18 Jan 2012 08:05:04 GMT

Oil rallies during Asian trade

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Tue, 17 Jan 2012 17:17:35 GMT

CAC 40 up driven by auction and German confidence data

The link between French CAC 40 Index (CC) and DAX Index remained steady on Tuesday, at 0.88. In contrast, the relationship between French benchmark index and EUR/USD currency pair climbed to 0.57. The link also strengthened between CAC 40 and EUR/JPY currency pair, as 17-nation currency recovered amid positive news from China and Germany. The correlation remained relatively weak between

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