Loonie rise to 7-week high on Cnooc's takeover bid

Source: Bloomberg
© Scanpix/Reuters
Canada's currency touched the strongest level in seven weeks against the greenback after the government confirmed Cnooc Ltd. $15.1 billion takeover bid for Nexen Inc.  The loonie strengthened 0.2% to 98.63 cents per U.S. Dollar after it touched 98.62 cents, the highest since October 19. The Canadian Dollar buys $1.0139.  
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Tue, 11 Dec 2012 09:37:51 GMT

Greenback stays lower against Euro, Yen on speculation over Fed's further stimulus

The U.S. Dollar stayed lower versus the Japanese Yen and Euro on speculation the Fed will announce further monetary stimulus at its 2-day meeting starting today. The greenback lost 0.1% to $1.2957 per Euro at 6:23 a.m. London time after falling 0.1% yesterday. It touched 82.33 yen after weakening 0.2% a day earlier to 82.36. 

Tue, 11 Dec 2012 09:15:51 GMT

Sugar drops on bright outlook on Australian crops

Rural commodities moved lower on Monday despite softer greenback. Grains came under selling pressure in wake of slowing demand for US supplies while softs extended the decline amid global oversupply concerns. Wheat attained three-week low on signs that demand for US grains is weakening. Iraq bought 350,000 metric tonnes from Australia and Romania, shunning US wheat. Meanwhile, US exports dived

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