Australian currency declines to 34-month low as Fed concerns ease

Source: WBPonline
© Scanpix\AFP
The Australian currency traded moderately lower versus the Dollar on Friday, as the U.S. Dollar rebounds from the previous declines on comments from the Federal Reserve Chairman Ben Bernanke, who said the U.S. economy has not grew enough to allow the Fed to cut its bond purchase programme. The Aussie fell 1.72% to $0.9029 versus the U.S. Dollar, reaching the weakest level in 34 months. 
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Fri, 12 Jul 2013 16:10:07 GMT

Canadian Dollar declines on yield advantage

The Loonie dropped from yesterday's 3-week high as the U.S. bonds had 12 basis point yield advantage over Canadian debt. The Canadian Dollar decreased 0.2% to C$1.0385 per greenback at 7:57 a.m. Toronto time, while it hit C$1.0326 per Dollar yesterday. The Loonie declined as consumer sentiment in the States is expected to climb to a 6-year high.

Fri, 12 Jul 2013 12:44:04 GMT

WTI crude oil futures set for third weekly rise

West Texas Intermediate oil headed towards a third weekly advance, the longest period of climbs since May, and is expected to inch up next week on speculation the Fed will maintain bond purchases. The August WTI contract was at $104.79 per barrel and Brent for August delivery jumped to $107.75 per barrel.

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