Pound advances on trade data

Note: This section contains information in English only.
Source: Bloomberg
The Sterling climbed to a four-month high against the U.S. counterpart after a report posted the U.K. trade gap narrowed in July amid surge in exports, adding signs the economy is coming out of recession. On Tuesday, the Pound rose 0.2% to $1.6021, after reaching $1.6037, the highest since May 15, and was little changed versus the common currency at 19.81 pence per Euro.
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Tue, 11 Sep 2012 13:37:45 GMT

Fitch ratifies New Zealand's ratings

Fitch Ratings on Tuesday confirmed New Zealand's major ratings despite significant external indebtedness and worldwide economic slowdown. The long-term foreign currency Issuer Default Ratings was affirmed at "AA", while local currency rating was at "AA+", with stable outlook.

Tue, 11 Sep 2012 13:14:45 GMT

Oil near 3-week high on Europe's bailout plan, Fed

On Tuesday, futures for oil were traded close to 3-week high on expectations of further monetary stimulus in U.S. and concerns over Europe's bailout plan. On the NYMEX, October delivery futures for crude were traded at USD96.50 per barrel at 12:12 London time, which was a USD0.04 decline. Yesterday, the contracts grew to USD96.54, which was a 3-week high.

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