Euro fell following the ECB decision

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Source: Marketwatch

The Euro suffered losses during the US morning trade after the ECB announced its long-term lending program had strong demand. About 523 European banks applied for three-year loans to the ECB totaling 489 billion euros. The Dollar index increased to 79.915 from 79.871. The euro decreased to $1.305 in the late US trade yesterday.

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Wed, 21 Dec 2011 17:07:24 GMT

Core retail sales in Canada increased more than expected

Canada's core retail sales increased more than expected in October, rising for the third month in line. Core retail sales, excluding automobile sales, added 0.7% on a seasonally adjusted basis as compared to 0.4% expected increase, reported Statistics Canada. After the data release, Canadian currency appreciated against the USD and the pair USD/CAD is currently trading at 1.0293, edging down 0.05%.

Wed, 21 Dec 2011 17:06:48 GMT

Coffee futures decrease amid fears of oversupply

Coffee futures fell, approaching a year low on the fears over ample supply of the commodity while concerns on the unfavorable weather conditions in Colombia supported the commodity price. On the ICE Futures Exchange, Arabica coffee for delivery in March traded at USD2.2053 a pound at the European afternoon trade, losing 0.25% since opening.

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