Euro supported by finance minister comments

Source: WBP Online
The shared currency advanced against the Greenback after reaching the eleven-month low as a result of the Fed Governor speech at the Jackson Hole Symposium. The Euro gained after German Finance Minister Wolfgang Schaeuble commented on Mario Draghi's speech, calling the fiscal policy topic 'over-interpreted'. Experts are predicting more movement from the EUR/USD pair tomorrow, after Germany is scheduled to release inflation data and after the U.S sheds light on the second quarter GDP. The Euro gained 0.22% to $1.3195.
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Thu, 28 Aug 2014 08:36:04 GMT

Aussie up by CAPEX data

The Australian Dollar edged up against the Greenback, reaching the three-week high after better-than-expected capital expenditures numbers were released. The Australian Bureau of Statistics recorded an increase of 1.1% in capital expenditures during the second quarter, beating the market expectations by a wide margin. Nonetheless, experts predict investments in mining sector to decrease next quarter. Volatility is expected to rise after

Thu, 28 Aug 2014 08:14:05 GMT

Crude oil falls due to excess supply

WTI and Brent prices declined as concerns about oil-production vanished, which made traders abandon their longs. The October contract for the Texas light sweet was 0.35% lower and traded at $93.56 a barrel. Brent for the same month lost 0.15% and was at $102.57 a barrel. With supply data showing a smaller inventories decline than expected at 944,000 barrels fuel inventories increased by 1.25

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