Yen gains on slowing China' economy

Source: Bloomberg
The Yen advanced 0.5% to 97.88 per U.S. Dollar by midday trading session in Tokyo on Monday. The currency appreciated against the 16 major counterparts, as Chinese GDP growth slowed unexpectedly and spurred demand for safer assets. China's gross domestic product added 7.7% in the first quarter of 2013 and that was lower than an 8% forecast of analysts and 7.9% in the fourth quarter.
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Mon, 15 Apr 2013 08:39:02 GMT

Wheat rallies as cold weather threatens harvest

Farm commodities apart from coffee were bullish on Friday amid escalated weather concerns in the U.S., Canada and Russia. Cold weather in the world's top growing regions threatens winter wheat crops and delays early planting. Wheat rose for the second consecutive session as cold temperatures may damage winter crops. Moreover, a confirmation of China's wheat purchase from the U.S. continued

Mon, 15 Apr 2013 08:17:04 GMT

Crude oil dips on record US inventories, weak retail sales data

Energy futures except for natural gas traded in the red area on Friday on weaker-than-expected U.S. numbers and record high U.S. stockpiles. U.S. Retail sales unexpectedly dropped 0.4% last month, weighing on energy demand prospects. Recent cuts of oil demand outlook by the IEA and OPEC also continued to pressurize commodity group. Crude and Brent oil fell as U.S. stockpiles surged

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