German business confidence falls in September

Note: This section contains information in English only.
Source: Forexpros
German business sentiment dropped to the weakest since March 2010 in September on further concerns over the Eurozone's recession, Ifo said on Monday. The Business Climate Index fell to seasonally adjusted 101.4, after 102.3 in August. Analysts had forecast a reading of 102.5. The Current Assessment Index slid 0.8 points to 110.3, while the Business Expectations Index lost 1.0 point to 93.2.
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Mon, 24 Sep 2012 10:21:20 GMT

The Euro continues to drop versus the Yen

On Monday, the 17-nation currency was lower versus the Japanese Yen for the fifth consecutive day, as investors were focused on upcoming report on German business confidence, which is expected to be the lowest in two years. The Euro fell 0.3% and reached 101.19 Japanese Yen by 8:23 a.m. London time. Earlier, it hit a level of 100.87 Yen, which was the lowest since September 14.

Mon, 24 Sep 2012 09:37:31 GMT

Corn moved higher on Brazil's crop concerns

Rural commodities rallied on Friday amid falling Russia's and Brazil's supplies. Adding to the positive mood of the commodity group, the US Dollar retreated on speculation that the Fed will ease its policy further in December. Wheat soared after Andrei Belousov, Russia's Economy Minister, said that Russia may restrict exports in the autumn in case domestic prices skyrocket. Corn gained 0.30%

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