Single currency rocketed on ECB hopes

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Source: Marketwatch
The Euro rocketed on Tuesday, August 21, as the optimism over bold ECB action to stem the 17-member bloc's debt crisis grew. The shared currency soared 1.03% to $1.2472. At the same time, the ICE Dollar Index erased 0.68% to 81.9. Moreover, better-than-expected Spain debt auction boosted the Euro as well, with Spain selling 4.51 billion euros of 12- and 18-month bonds.
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Tue, 21 Aug 2012 21:50:48 GMT

Oil futures rose above $97

Crude oil futures rose above $97 on growing optimism that the ECB will curb Eurozone's debt crisis. Crude for September settlement added 1.3 per cent, or $1.25, to $97.22 per barrel. Meanwhile, other oil-related products edged higher as well, with heating oil, gasoline and natural gas all with September contracts jumping more than 1%.

Wed, 22 Aug 2012 13:17:09 GMT

Indian CPI continue to decelerate

Consumer price index in India rose at the slowest pace in four months in July, said the Central Statistical Office on Tuesday.  Nation's CPI increased by 9.86 per cent from a previous year, after jumping 9.93% in June.  In the meanwhile, the Indian Central bank left the benchmark interest rate unchanged in the previous month in order to prevent inflation risks.

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