WTI falls amid concern demand will drop as shutdown continues

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Source: Bloomberg
West Texas Intermediate crude dropped for the second straight session on Monday amid concerns that the U.S. economic growth may be slowed down reducing fuel demand as U.S. lawmakers failed to agree on the new debt limit this weekend avoiding technical default. WTI for settlement in November fell 81 cents to $101.21 a barrel on the NYMEX and it was traded at $101.78 as of 12:32 p.m. in Singapore.

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Mon, 14 Oct 2013 07:27:03 GMT

U.S. Dollar drops versus Euro as U.S. lawmakers fail to agree on debt limit

The U.S. Dollar declined on Monday falling for the second straight day against the Eurozone's currency as this weekend's debate in Washington between the U.S. President Barack Obama and House Republicans did not bring any agreement on the new debt limit. The so-called Greenback weakened 0.1% to $1.3563 per Euro at 12:14 p.m. Singapore time following a drop to an

Mon, 14 Oct 2013 06:54:03 GMT

Yen rises as demand increased amid persisting U.S. government shutdown

The Japanese Yen increased on Monday amid concerns that U.S. policymakers may fail this week to agree on the new debt ceiling avoiding the country's technical default raising demand for riskier assets. The Yen advanced to 98.31 per U.S. Dollar after it touched today's high at 98.05 earlier, rebounding from Friday's 2-week low at 98.60 U.S. cents.

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