The Loonie moves closer to parity with the U.S. Dollar

Source: Bloomberg
Canada's Dollar hit the highest in almost 11 weeks against the U.S Dollar on beliefs that Federal Reserve will act further to boost U.S. economy and ECB will undertake extra monetary stimulus. The Loonie increased 0.2% to C$1.0016 per U.S. Dollar, it buys 99.84 U.S. cents. The last time parity between the two occurred was May 15, when the Loonie hit 99.90 cents to the U.S. counterpart.
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Tue, 31 Jul 2012 08:46:49 GMT

German retail sales show the longest decline since 2007

German retail sales dropped third month in a row in June on concerns about the results of the Eurozone crisis. On Tuesday, the Federal Statistics Office reported that sales, adjusted for seasonal swings and inflation, decreased 0.1% from May, when they tumbled 0.3%. While entrepreneurs' and investors' confidence slipped in July, consumer sentiment is expected to hit five-month high.

Tue, 31 Jul 2012 08:24:50 GMT

Grain cargoes expected to drop most in 19 years

Global grain trade is expected to fall 4.9% in the 2012-13 marketing year, the U.S. Department of Agriculture reports. Arid weather from Europe to Australia and the worst drought in U.S. in more than 50 years determines potential decline in grain cargoes and unprofitable rates for cargoes' owners. Baltic Exchange data shows 17% drop in estimated forward delivery agreements for

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