Loonie depreciates on renewed worries about Italy

Source: Bloomberg
© Dukascopy Bank SA
Canadian currency declined from a nearly three-week record high versus its US peer on worries Italy may face same banking system problems as Spain. Loonie gained after Spain requested bailout but retreated when Italian and Spanish yields surged. Canadian Dollar dropped 0.5% to CAD 1.0317. Currently USD/CAD is trading at  CAD 1.0299.
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Tue, 12 Jun 2012 07:37:38 GMT

Euro weakens as Spanish bailout leaves many unanswered questions

The 17-nation currency fell on Tuesday versus most of its counterparts as Spanish rescue boosted worries that European debt woe is worsening. Euro dropped 0.3% against the greenback to USD 1.2482 after an early rally of 1.2%. Currently EUR/USD is trading at USD 1.2493.

Tue, 12 Jun 2012 07:12:39 GMT

Crude declines for a fourth straight day

The price of crude oil diminished for a fourth consecutive day as Ali-al-Naimi, Oil Minister of Saudi Arabian announced OPEC needs a larger output quota. Moreover US allowed more exemptions from oil embargo from Iran. July crude fell by USD 1.63 to USD 81.07 a barrel. Brent Oil to be delivered in July dropped USD 0.25 to USD 97.75 a

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