Oil falls as U.S. demand slows

Source: Bloomberg
Oil tumbled from the two-month high close amid speculation recent gains were over-optimistic on signs of weakening demand of the U.S., the world's major consumer of oil. Futures slipped 0.5% after a three-day rise. September-delivery oil fell to 93.17 per barrel. September-settlement Brent crude dropped 0.4% to $111.55 per barrel.
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Wed, 08 Aug 2012 09:12:12 GMT

France trade deficit expands in June

France's trade deficit rose to EUR5.99 billion in June from EUR5.47 billion in previous month, according to Directorate General of Customs and Excise. Economists expected a deficit of EUR5 billion. Exports dropped to EUR36.54 billion in June from EUR37.24 billion in May. Imports fell to EUR42.53 from EUR 42.71 billion in May.

Wed, 08 Aug 2012 13:55:12 GMT

Greenback turned lower on Eurozone's hopes

On Tuesday, August 7, the greenback remained lower versus the Euro and other major currencies amid hopes that the ECB will soon make decisive actions to stem the debt crisis in the Eurozone. In order to lower Italian and Spanish borrowing costs, the ECB may soon resume bond-buying program.  The shared currency strengthened against the greenback during today's New York trading session, with EUR/USD adding 

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