Canada's Dollar drops as Bernanke signals less stimulus

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Source: Bloomberg
© Scanpix/FP
Canadian currency declined on Thursday and was trade near its lowest level in a year versus the U.S. Dollar after the Federal Reserve Chairman Ben Bernanke signaled less stimulus measures if the economy keeps showing favourable results. The so-called Loonie slipped 1% to C$1.0367 per U.S. Dollar by 5 p.m. Toronto time and it touched C$1.0388, the least since June 5.

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Thu, 23 May 2013 08:47:03 GMT

Forint rises as economy emerges from recession

The Hungarian currency advanced to the highest level in three months on Thursday spurring Goldman Sachs Group Inc. to change its trade recommendation of selling the Forint against the Euro as the economy emerged from contraction. The Forint increased by 0.6% and it was traded 0.1% higher at 289.21 per Euro as of 5:04 p.m. Budapest time.

Thu, 23 May 2013 08:36:04 GMT

Copper drops as China's manufacturing sector contracts

Copper decreased alongside with other industrial metals on Thursday after a report showed that manufacturing sector in the world's largest metal consumer, China, contracted for the first time in seven months in May. Copper for August delivery slipped 2.7% to $7,276.25 a metric ton on the London Metal Exchange and was traded at $7,310 as of 11:47 a.m. Seoul time.

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