WTI crude gains on U.S. economic expansion

Source: WBP Online
West Texas Intermediate crude oil advanced 0.16% to $94.38 per barrel, while the Brent sweet light crude slipped 0.44% to $103.03 per barrel this morning, as U.S. economy expanded 2.5% during last three month, showing signs of sustained recovery. GDP advanced to annualized 2.8% in Q3, which is 0.8% more than expected, while jobs claims dropped by 9,000 to 336,000 last week, from prior 345,000 a week earlier.
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Fri, 08 Nov 2013 10:39:04 GMT

Pound moving in on weekly gain versus Euro after S&P cut France's credit rating

The Sterling was fluctuated at 83.43 pence per Euro at 9:22 a.m. in London, after reaching 83.01 pence yesterday, the highest since January 17, after Standard & Poor's, the world's leading index and credit ratings provider, downgraded France's credit rating by one notch from AA+ to AA, as government's taxation, services and product as well as labor market reforms

Fri, 08 Nov 2013 10:07:04 GMT

Czech currency slump versus Euro on CNB exchange intervention policy

The Koruna dropped 4.8% versus the European currency to CZK26.982, after Czech National Bank introduced an aggressive foreign exchange intervention measure by selling 500 million of its home currency in order to prevent economy deflation. The consumer price index, as a tool to measure the inflation rate, reached 1% in September and is likely to continue falling, the CNB explained.

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