Oil comes close to a two-week high on re-election results

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Source: Bloomberg
© Scanpix/FP

Brent type oil for December supply was 26 cents higher to $111.33 a barrel on the ICE Futures Europe exchange on Wednesday. After the announcement of the U.S. re-election results tonight, investors shifted capital to the commodity markets, as the President Barack Obama is a supporter of a loose monetary policy and further money interventions are possible.

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Wed, 07 Nov 2012 12:19:19 GMT

South Korea's currency touches a 14-month high

South Korea's Won was 0.5% higher to 1,085.55 per Dollar in Seoul trading session on Wednesday. The Won reached a 14-month high, as the U.S. presidential election results were announced and Barack Obama secured the Presidential position.  However, such high exchange rate of the Won threatens to hurt South Korea's export as the domestic economy started to show recovery signs.

Wed, 07 Nov 2012 11:58:19 GMT

Wheat gains on Barack Obama re-election

Wheat steps higher as for December settlement price advanced 0.3% to $8.8 a bushel in the end of Asia trading hours on Wednesday. Investors were trading commodities positively, as Barack Obama won re-election bringing expectations that U.S. monetary policy will stay loose. That brings the U.S. Dollar value down and increases the appetite for more risky assets.

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