Crude oil reached three-month high on Wednesday

Source: Forexpros
On Wednesday, August 8, crude oil rocketed to a three-month high, as crude oil stockpiles dropped more-than-expected. Crude oil for September settlement soared 05.51 per cent to $94.15 per barrel during today's New York trading session. At the same time, Brent oil with September contract jumped 0.71 per cent to $112.80 per barrel. Inventories fell by 3.7 million barrels during the previous week.
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Wed, 08 Aug 2012 20:52:13 GMT

Shared currency falls on data

The shared currency fell on Wednesday, as BoE cut its growth forecast, and German exports and imports declined. The Euro erased 0.3 per cent to $1.2367, after rising to $1.2444 on Monday.  The single currency depreciated against the yen as well, by losing 0.5 per cent to 96.95 per yen. Meanwhile, the Swedish Krona advanced versus the Euro, and reached twelve-year high at 8.2546.

Thu, 09 Aug 2012 16:58:15 GMT

Germany's exports and imports tumbled in June

According to the Federal Statistics Office, German's exports and imports tumbled in June by 1.5% and 3%, respectively, from the previous month.  The total value of exports is at 92.3bn euro level, while the value of imports is 76.1bn euros. Despite worsened fundamentals, the exports to other countries, which are outside of the Eurozone, soared 20% from a year earlier.

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