Oil futures down ahead of Fed's meeting

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Source: Marketwatch

Oil futures for September settlement erased 0.2 per cent to $89.92 per barrel during today's New York trading session in anticipation of Fed's meeting on Tuesday.  As to other oil related products, gasoline for August delivery advanced 0.8 per cent, to $2.91 per gallon; heating oil for August settlement declined by 0.24 per cent to $2.88 per gallon, while September natural gas soared 5 per cent, to $3.17 a million British thermal units.

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Mon, 30 Jul 2012 18:21:48 GMT

China's inflation to ease in July

Inflation rate in the country with the world's second biggest economy is expected to ease in July, as food prices were lower this month. China's consumer price Index may fall to 1.7 per cent, the 30-month low. In order to boost the economy, the monetary policy may cut the benchmark interest rate and reserve requirement ratio during the third quarter.

Mon, 30 Jul 2012 17:59:49 GMT

Single currency lost some ground to greenback on Monday

The Euro lost some ground versus the U.S. dollar as investors are getting more pessimistic about ECB's policy actions later this week. The shared currency dropped by 0.4 per cent to $1.2251, from Friday's $1.2320. On the contrary, the ICE dollar Index added 0.42 per cent to 82.895, and the WSJ dollar Index increased by 0.28 per cent. On Thursday, the European Central Bank's monthly

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