Euro rises due to geopolitical distresses

Note: This section contains information in English only.
Source: WBP Online
The Euro managed to recover from yesterday's plummet, caused by Draghi's speech, which threw the common currency near to its lowest value in nine months. The Euro climbed by 0.27% to 1.3394 against the US Dollar. President Barack Obama approved air strikes in Iraq increasing demand for safe-haven assets.
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Fri, 08 Aug 2014 14:57:54 GMT

UK Pound fell against the Dollar ahead of trade balance

As the trade balance in the UK is expected to remain in the red, the Sterling dropped to its lowest price in two months against the Greenback. The Cable fell by 0.14% to 1.6807, correcting its value from a hype that was originated from the possibility of increased rates in the UK. Analysts predict the trade balance to be -8.9B.

Fri, 08 Aug 2014 09:02:13 GMT

Crude climbs as air strikes in Iraq are authorized

Both Brent and West Texas Intermediate rose as the US President Barack Obama has authorised Iraq air strikes. The futures for September had a considerable rise with the Brent increasing 1.3% and the WTI 1.1%. Consequently, the Brent was trading at $106.85 a barrel in London and the Texas light sweet was at $98.45 on the NYMEX.

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