The U.S. dollar falls on hopes for action in Eurozone

Source: Forexpros

USD decreased against other major currencies on Monday, as investors were focused on hopes that leaders in the Eurozone will act to stop the crisis. EUR/USD gained 0.44% during the U.S. morning trading session, hitting 1.2489; and Cable rose to 1.5386, climbing 0.16%. However, USD/JPY added 0.36%, hitting 78.31.

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Mon, 04 Jun 2012 21:41:18 GMT

Central bank of China will continue buying Euro debt

Chief of China's central bank, Zhou Xiaochuan, said in comments which were published in Chinese Business News on Monday that they will continue buying Eurozone government bonds and support IMF engagement, along with investing in privatization programs and infrastructure. However, Zhou also said that China's central bank does not intend to increase its foreign reserves.

Mon, 04 Jun 2012 21:19:18 GMT

Natural gas futures added about 3% on weather forecasts

Futures for natural gas grew in the U.S. morning trading session for the first time for the last eight sessions, as weather forecasts for warm weather in key regions of the U.S. boosted expected demand in near future. On the NYMEX, futures for July delivery were traded at the level of USD2.393 per MMBtu, jumping 2.9% during that trading session.

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