Cotton futures touch 16-month low

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Source: Forexpros

Cotton futures fell to 16-month low as the growing concerns over the euro-zone put investors off risky assets. On the ICE Futures U.S. Exchange, cotton futures for delivery in March traded at USD0.8624 a pound at the European afternoon trade, declining by 1.23% since opening.

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Wed, 14 Dec 2011 16:45:31 GMT

Industrial production in the euro-zone falls in October

Industrial production in  Euro zone decreased in October declining for the second month in a row, according to the official data. Industrial production decreased by 0.1% in October on a seasonally adjusted basis as compared to 0.1% expected increase, reported Eurostat. Following the data, USD climbed higher against the Euro and the pair EUR/USD is currently traded at 1.2959.

Wed, 14 Dec 2011 16:28:39 GMT

Euro continues tumbling

The Euro continued to tumble against the US Dollar even after crossing a $1.30 border. The euro fell to $1.2978 from $1.3026 in the late US trading yesterday. The Euro started to tumble after Italy sold 3 billion euros of bonds maturing in five years with record high yields of 6.47%. During the year the Euro decreased by 3% against the USD.

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