Greenback rises on demand for safety

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Source: Bloomberg
The U.S. Dollar rose against most of its major peers amid the Eurozone debt crisis pressure on global economy, spurring demand for safety of the greenback. The Euro bloc's economy probably contracted 0.2% in Q2 from the previous quarter, according to analysts' estimation. The U.S. Dollar gained 0.1% to 78.33 yen, while trading at $1.2295 per Euro.
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Mon, 13 Aug 2012 06:36:25 GMT

Oil and gold gain on Japan data

Gold and oil rose as Japan's GDP widened less than expected, adding signs to speculation central banks will create additional stimulus to support global growth. Oil gained 0.4% to $93.28 per barrel in New York on Friday. Gold for immediate delivery advanced 0.2% to $1,623.75 per ounce. While corn fell 0.3% in Chicago and wheat lost 0.8%.

Fri, 10 Aug 2012 20:11:19 GMT

Import prices in U.S. unexpectedly fell in July

Import prices in the U.S. unexpectedly dropped in July for a fourth month in a row, as costs for industrial supplies, consumer goods and imported oil tumbled. In general, import prices erased 0.6 per cent. Meanwhile, export prices added 0.5 per cent in the same month, pushed higher by the more expensive agricultural goods.

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