Euro declines before Italian and French data

Source: Bloomberg
The 17-nation currency declined for a third straight day on speculation French and Italian data will show that Eurozone's failure to solve the debt crisis is increasing pressure on the currency–bloc's economy. The Euro lost 0.3% to $1.2850, after earlier falling to $1.2835, the weakest level since October 1. The common currency dropped to 100.44 yen.
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Wed, 10 Oct 2012 08:02:21 GMT

Oil tumbles as U.S. inventories seen surging

Oil slipped from a one-week high on Wednesday amid belief that U.S. crude inventories soared 1.5 million barrels last week, the world's major user of the fuel. Futures fell 0.7% after gaining 3.4% on Tuesday amid higher tension in the Middle East. November-delivery oil slid 68 cents to $91.71 per barrel in New York, while the same month Brent crude

Wed, 10 Oct 2012 10:03:10 GMT

Silver slumped on strong greenback

Precious metals tumbled on global growth concerns. Moreover, disappointing news from Eurozone sent the greenback higher thus pushing the precious metals down. Mario Draghi stated that the region's economy faces difficult times. Gold lost its safe-haven appeal, falling 0.58% on high risk-aversion amid global economic challenges. Solid greenback also weighted down on the yellow metal. Silver declined on weak global equities

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