U.S. Dollar rises against most of its peers amid less stimulus

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Source: Bloomberg
The U.S. Dollar appreciated versus the majority of its counterparts on Wednesday after the Federal Reserve Chairman Ben Bernanke told Congress that the central bank will scale back its stimulus program if the economy shows favourable results. The so-called Greenback added 0.4% to $1.2855 per Euro as of 2:06 p.m. New York time after dropping to $1.2998, the fewest since May 14.

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Wed, 22 May 2013 19:48:04 GMT

Arabica coffee falls amid high inventories

Coffee futures decreased to the weakest level in more than three years on Wednesday amid speculations that world supplies may exceed demand as inventories in Brazil, the world's largest exporter, advanced by 80%. Arabica coffee for delivery in July dropped 2% to $1.3005 a pound by 11:43 a.m. on the New York's ICE after it touched $1.2985 earlier on the

Wed, 22 May 2013 19:26:04 GMT

U.S. existing home sales rise modestly in April

U.S. existing home sales increased modestly in April, a report released by the National Association of Realtors unveiled on Wednesday. According to the report, existing home sales in the country advanced by 0.6% to 4.97 million in April following a March's level of 4.94 million, while economists had projected home sales to climb to 5.0 million.

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