Euro and Oil Declined as Greece Called for New Elections

Source: Bloomberg
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Following Pasok party leader Evangelos Venizelos' announcement on new elections in June, euro dropped to its 4-month low of USD 1.2739. Oil futures tumbled by 0.9 percent as the appeal of dollar-denominated oil as an investment deteriorated. Christine Lagarde said that although the IMF hopes that Greece won't leave the currency area, they should be ready for anything.
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Tue, 15 May 2012 20:02:25 GMT

Treasury yield reaches the lowest level in 7 months

Treasure 10-year yield dropped to 1.67% today, the lowest level since the end of September 2011. 1.75% note maturing in 10 years fell USD 1.25 per USD 1000 face value. After report on demand for U.S. securities specialists note that investors are searching for safer investments due to political turmoil in Europe. 

Tue, 15 May 2012 19:16:24 GMT

Gold closes low for third day in a row

Gold for June delivery closes low in Commodity exchange division of New York Mercantile Exchange for the third consecutive day. Future contracts lost 0.3% value and settled at USD 1557.10 an ounce. At its lowest, around 10 a.m. New York time, one contract was worth USD 1547 an ounce. Day high was reached almost straight after the exchange opening when one contract was priced at USD 1564 an

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