Crude oil moved higher amid inspiring retail sales data from the US

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Source: Forexpros
Crude oil futures increased during Asian trading hours on Tuesday, being supported by firm US retail sales that are likely to spur demand for the commodity. Light, sweet crude oil futures for May delivery traded at 103.53 US Dollars per barrel on the New York Mercantile Exchange, inching up by 0.15% from the previous session's low of 103.52 US Dollars per barrel.


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Tue, 17 Apr 2012 13:08:28 GMT

Japan's industrial production tumbled by 1.6% in March

Japan's industrial production declined more than initially expected in March, reported the Ministry of Economy, Trade and Industry. The industrial production shank by 1.6% on a seasonally adjusted basis in March as compared to a 1.2% fall in February. Experts predicted the industrial production to slide by 1.2% in March.

Tue, 17 Apr 2012 12:36:29 GMT

Yuan rallies after daily range was widened

The Yuan appreciated against its US counterpart during morning session on Tuesday, rallying for the second consecutive day after China widened the daily currency band. USD/CHY exchange rate attainted 6.3010 amid global greenback's weakness.  The trade was slightly choppy as risk-aversion among investors increased in view of global economic concerns, said one trader from China.

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