WTI at two-year high amid worries Syria unrest will expand

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Source: Bloomberg
West Texas Intermediate crude oil inched up to the highest level since May 2011 amid worries that unrest in Syria may expand and threaten oil inventories from the Middle East. Brent increased to the highest level in six months. WTI for October settlement jumped to $112.24 per barrel, while Brent for October delivery rallied 2.6% to $117.34 per barrel.
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Wed, 28 Aug 2013 14:52:05 GMT

Indian currency plummeted to record low

The Indian currency decreased to a record low, falling 3.6% in one session, slipping 2.9% in the last trading session, and posting the biggest decline since 1991. The Indian rupee touched an all-time low of 68.74 versus the greenback, adding to signs the currency has plummeted 26.3% since May. Indian benchmark index Sensex has retreated 14.26% since July 23. 

Wed, 28 Aug 2013 14:29:15 GMT

Sterling falls ahead of Carney's speech

The Sterling declined for the second day versus the U.S. Dollar as Syria's unrest situation weighs on the markets and investors are expecting the Nottingham speech from the Bank of England chief Mark Carney. The Sterling decreased 0.47% to $1.5475 against the greenback and was steady at 150.93 against the Yen, while falling 0.21% to £0.8632 versus the Euro.

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