Natural gas tumbled on Friday

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Source: Forexpros
Natural gas futures sank on Friday, attaining 28-month low amid the warmer than expected weather forecasts and high inventory levels in the US. Natural gas futures for February delivery closed at USD2.627 per million British thermal units, on the New York Mercantile Exchange, tumbling 12.8% over last week, the largest fall since August 2009.


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Mon, 16 Jan 2012 07:59:05 GMT

Australian inflation increases 0.5% in December

Australia's inflation increased 0.5% last month as compared to 0.1% decline in the preceding month, reported TD Securities. Considering annuals moves, the inflation rate faced 2.4% increase in December, rising from 2.1% in November.

Mon, 16 Jan 2012 07:58:18 GMT

Loonie posts gains against Euro for the eight straight week

Candian Dollar extended weekly gains against 17-nation currency for the eight week in a row, making the longest upward trend since 2007, as trader demand for less risky assets surged. Currency appreciated sharply after S&P ratings agency downgraded France and Italy on January 13. Loonie strengthened 0.5% this week against US Dollar reaching C$1.0232. Currently USD/CAD is trading at C$1.0210.

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