US unemployment claims dropped more than expected last week

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Source: Forexpros
US jobless claims posted the biggest weekly fall in almost one year last week. The number of people applying for unemployment benefits decreased by 27,000 last week, approaching 365,000. Experts projected the number of jobless claims to ease down by 12,000 to 380,000. After the release of data, the greenback added to gains against the Euro and EUR/USD traded at 1.3100, tumbling by 0.44%.

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Fri, 04 May 2012 06:41:53 GMT

Crude oil climbs in Asian session

Crude oil futures moved higher during Asian session on Friday amid broadly weaker US Dollar. The greenback's index that measures its performance against six main currencies declined by 0.05% to 79.24 US Dollars. Meanwhile, light, sweet crude oil futures for delivery in June traded at 102.67 Us Dollars per barrel on the New York Mercantile Exchange, advancing by 0.13%.

Thu, 03 May 2012 13:42:54 GMT

Wheat extended losses amid favorable weather in the US

Agricultural commodities were mostly lower on Wednesday along with stronger US dollar and favorable weather conditions in the US.Wheat continued its tumble as wet and warm weather conditions in the US are likely to bolster harvest prospects and may result in oversupply in the market.Corn dropped after the USDA reported that Brazilian corn crops are expected to be higher by

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