Yen rebounds 9% on tension in Ukraine

Source: Bloomberg
Japanese currency depreciation over the past year against the Euro will reverse as tensions in Crimea spur demand for haven putting pressure on Prime Minister Shinzo Abe's efforts to boost growth. The Yen was little changed at 140.90 per Eurozone's currency at 1:15 p.m. in Tokyo, dropping 0.3 % from yesterday's close in New York. It traded at 145.69 on December 27, the lowest since October 2008 and lost 21% in the last year. 
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Thu, 06 Mar 2014 15:37:45 GMT

ECB keeps rates unchanged today

The European Central Bank decided to maintain its benchmark interest rates unchanged on Thursday keeping the same level for the fourth successive month, a report after the policy meeting in Frankfurt showed today. According to the report, the ECB's key interest rate held at 0.25%, while the lending facility rate stayed at 0.75%.

Thu, 06 Mar 2014 06:21:53 GMT

WTI fallsdrops for third day on increased U.S. stockpiles

WTI dropped for the third day as U.S. government data indicated the increase in distillate and crude stockpiles. West Texas Intermediate for April delivery contracted 59 cents to $100.86 a barrel on the NYMEX and was at $101.12 as of 12:50 p.m. Singapore time. The contract dropped $1.88 to $101.45 on Wednesday trading session, the lowest price since Feb. 14.

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