The Euro depreciated versus most of its peers on Friday declining for the first time in a five-day period versus the so-called greenback after the European Central Bank led by Mario Draghi showed that he is open for negative deposit rate. The Euro slipped by 0.9% to $1.3065 as of 5 p.m. New York time after it advanced 1.3% in
The Chinese Yuan decreased for the first time in a six-day period on Friday falling from the highest level in 19 years as the People's Bank of China reduced the fixing by 11 basis points to 6.2152 per U.S. Dollar today, largest cut since April 18. The Yuan fell 0.02% to 6.1574 per U.S. Dollar at 10:09 a.m. Shanghai time
The British currency was little changed against its U.S. counterpart before a report showed that service sector in the United Kingdom accelerated for the fourth straight months in April suggesting that the economy is recovering. The Sterling was at $1.5533 earlier on Friday London session following a climb to $1.5606 recorded on May 1.
Crop increased on Friday and it is set for the largest weekly gain since July 2012 as planting in the world's largest exporter of corn and wheat, U.S., slowed and crop conditions worsen amid bad wet weather in the region. Wheat for delivery in July advanced 0.3% to $7.31 a bushel on the CBOT and it is heading to add
Gold is traded at the most bearish trend in last three years as traders and investors sold the metal held in exchange-traded products in a record amount and the prices fall in a bear market. Gold declined by 12% to $1,474.95 an ounce so far this year in London following the previous 12 years of gains, while the metal is
West Texas Intermediate oil dropped on Friday paring its weekly gain as investors awaited the U.S. government report showing improvement in the country's payrolls suggesting an acceleration of the economy. June WTI futures declined 33 cents to $93.66 a barrel on the NYMEX and were traded at $93.82 as of 2:50 p.m. in Singapore.
The Reserve Bank of India cut its benchmark policy rates by 25 basis points for the third time in 2013 in order to boost the economy and improve the growth. The RBI led by the Governor Duwuri Subbarao lowered the repo rate, which is the rate at which central bank lends to other banks, from 7.50% to 7.25%, while it
U.S. Treasuries yields were traded 0.02 percentage points from the lowest level in 2013 before the U.S. government report was released showing that the unemployment in the country stayed unchanged and payrolls increased. The benchmark 10-year yields were at 1.63% at 7:04 a.m. London time, while the rate slipped to 1.61 this week.
The Australian Dollar is heading to complete the longest streak of weekly drops against the New Zealand Dollar in a twelve-year period amid speculation that the Reserve Bank of Australia will lower borrowing costs next week. The so-called Aussie dropped 0.2% to NZ$1.2042 at 4:05 p.m. Sydney time after it touched $1.2034, the lowest since October 2009.
German government Bunds were little changed on Friday before a report showed that producer prices in the 17-nation bloc decreased in the month of March. German benchmark 10-year yield was at 1.17% as of 7:10 a.m. in London after the rate declined to 1.15% yesterday, the weakest level since July 2012, when it recorded an all-time low at 1.127%.
The U.S. Dollar appreciated against the Euro on Friday recording the largest gain in 2 weeks before the U.S. report was released showing that payrolls in the country improved last month after they rose at the slowest pace in 9 months in March. The U.S. Dollar was traded at $1.3067 per Euro earlier on Friday London session following a 0.9%
Construction sector in the United Kingdom continued to contract in April, but at a slower rate than the month before, the latest figures released by the Chartered Institute of Purchasing and Logistics showed on Thursday. The construction sector purchasing managers index moved up to 49.4 in April from 47.2 in March recording the slowest fall in sector's activity in the
Initial claims for unemployment benefits in the U.S. fell surprisingly to the lowest level in 5 years in the week ended on April 27, according to a data released by the Labor Department on Thursday. The data showed that jobless claims dropped to 324,000 from the previous week's level of 342,000, while economists forecast the figure to record 345,000.
Trade balance of the U.S. came in deficit in March, however, the gap narrowed as the value of imports fell at a faster pace than the value of exports, the Commerce Department reported on Thursday. The report showed that the deficit fell from a level of $43.6 billion recorded in February to $38.8 billion in March, while it was expected
Labour productivity in the world's largest economy bounced back from losses recorded in the last three months of 2012, however, the rate of growth was below forecast, the Labor Department reported on Thursday. According to the report labour productivity moved up by 0.7% in the Q1 reversing a 1.7% drop recorded in the previous quarter.
Coffee futures traded in New York are set for the largest gain in a four-month period amid speculations that the world's biggest producer of the commodity, Brazil, will limit supplies with government price supports. Arabica coffee for delivery in two months gained 3.5% to $1.3935 earlier on Thursday New York session heading for the biggest rise since January 2.
The British Pound appreciated versus the 17-nation bloc currency on Thursday after the U.K. report showed that construction in the country improved, and as the ECB's President Mario Draghi said the Eurozone's finance ministers are open for negative interest rates. The Sterling added 0.6% to 84.14 pence per euro and it was 0.3% down at $1.5505.
The South Korean Won strengthened 0.1% to 1,100.20 per U.S. Dollar since 30th of April in the morning of Seoul trading session Thursday. The exchange rate touched 1,098.15, what is the strongest level since 13th of March. The Won gainedas a domestic trade surplus was announced and Fed stimulus program spurred speculation that investors will purchase more emerging-market assets.
The Australia's 10-year bonds were eight basis points lower, or 0.08%, to 3.02% in Asia's trading session on Thursday. Bonds reached a 5-month low on concern that the global economy faces a slowdown. German manufacturing sector contracted and China's industry expanded slower what reduced a risk appetite in the market.
European equities ware little changed on Thursday after the majority of local markets reopened after yesterday's Labor Day holiday as companies showered their earnings reports and investors await the result from the policy meeting of the ECB. The benchmark Euro Stoxx 50 Index fell 0.1% to 2,666 earlier on Thursday London session, while the Stoxx 600 Index recorded an 11th
Gold price for immediate delivery edged lower by 0.5% to 1,4456.65 an ounce in the morning of Singapore trading session on Thursday. The precious metal retreated 0.9% yesterday, what was the biggest fall since 15th of April, when the price lost 9.3% of its value. Investors reduced their bullion inventories on concern that Federal Reserve will cut its stimulus programme.
Palm oil futures for July delivery was lower by 1.2% to 2,258 ringgit on the Bursa Malaysia Derivatives during Asian trading session on Thursday. The price slipped to the lowest level since 23th of April and dropped 3.9% in April. Palm oil price decreases, as crude oil edges lower on better than expected stockpiles data in the U.S. reducing the
Corn and wheat prices advanced on Thursday amid speculation that the yields may be boosted amid worsening crop conditions and slower process of planting in the U.S., the world's largest exporter of the commodities. July Corn futures rose 0.2% to $6.48 a bushel on the CBOT and was traded at $6.475 as of 9:56 a.m. Singapore time, while wheat for
Rubber fell on Thursday dropping to a more-than-a-week low as the Japanese Yen increased reducing demand for yen-denominated futures and after the U.S. government reported weaker performance of the economy and falling payrolls. Rubber for October delivery slid 3.4% to 250.8 yen a kilogram or $2,578 a metric ton, the lowest figure of most-active contract since April 24.