Crude oil moved up on weaker USD

Source: Forexpros
Crude oil eased up in Asian session on Friday on broadly lower US Dollar. US Dollar Index, which tracks greenback's performance against a basket of six main currencies, lost 0.14% to trade at 82.44 US Dollars. Meanwhile, light, sweet crude oil futures for delivery in August traded at 78.61 US Dollars per barrel on the New York Mercantile Exchange, advancing by 0.52%.


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Fri, 22 Jun 2012 07:11:05 GMT

Loonie falls most in 6 months on disappointing macro reports

The Canadian Dollar depreciated versus its US peer on Thursday as disappointing Canada's retail sales boosted speculation the Bank of Canada may consider postponing additional increase in interest rates. Loonie tumbled 1.12% versus greenback to CAD 1.0297, the biggest decline since December 12. Currently USD/CAD is trading at 1.0275.

Fri, 22 Jun 2012 06:49:05 GMT

Philadelphia manufacturing activity tumbled in June

The manufacturing activity in Philadelphia region fell faster than expected in June, Federal Reserve of Philadelphia said on Thursday. The index measuring production activity tumbled from minus 5.8 in May to minus 16.6 in June. Economists questioned by Marketwatch predicted an improvement to 0.0. Figure below zero indicates contraction.

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