Dollar decreases on the auction results

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Source: Marketwatch

The USD declined against major currencies while the euro edged up slightly on the results of the wake auctions of France and Spain. The dollar index was down to 78.250 from 78.345 in North American trade on Wednesday. The euro remained steady edging higher to $1.3477 from $1.3446.

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Thu, 01 Dec 2011 14:34:45 GMT

China's aluminium production to rise

China's aluminium output is likely to surge by 60% in the next 4 years, announced Hu Changping, Director of China Nonferrous Metals Industry Association. Total output will increase to 40 milllion tonnes as compared to the current level of 25 million tonnes. However, LME aluminium prices fall this year to $1950/tonne, losing 25% since the beginning of 2011 mostly because of weak economic outlook and

Thu, 01 Dec 2011 15:29:22 GMT

Young employees in US get hired again

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