Oil declines on Spanish financial worries

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Source: Reuters

On Wednesday, prices for oil hit a 6-week low on Spanish financial worries, trimming earlier gains on Japan's central bank monetary stimulus. November delivery futures for Brent eased $0.80 to trade at $111.23 per barrel at 10:50 a.m. London time. Contracts for October delivery of U.S. crude lost $0.41 and were traded at $94.88 per barrel.

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Wed, 19 Sep 2012 15:15:06 GMT

Dollar broadly higher on Eurozone concerns

On Wednesday, the greenback was broadly higher versus its major counterparts, as Spanish financial worries supported the demand for safe haven. EUR/USD went down by 0.38%, reaching the level or 1.2996. GBP/USD fell to 1.6202, which was a 0.26% loss. USD/CHF climbed 0.18%, being traded at 0.9302. USD/CAD inched up 0.07% and was traded at 0.9748.

Wed, 19 Sep 2012 14:53:07 GMT

U.S. housing starts rose less than expected in August

U.S. housing starts rose less than expected in August, while applications for home mortgages declined, adding to concerns over the U.S. property market, the U.S. Census Bureau said on Wednesday. Construction on new U.S. homes rose 2.3% to 750,000, up from 733,000 in the prior month, below expectations for a 2.85% increase to 765,000. Building permits issued in July declined to 0.803 million units, from

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