ForexMinute

On the New York Mercantile Exchange, oil for July 2012 delivery was up to $85.94 a barrel (as per Europe’s Thursday afternoon trading). Brent crude for July 2012 delivery also registered gains to the tune of $101.44 per barrel.

The U.S. dollar is up against most of its currency counterparts. However, it has lost ground against the Canadian dollar and the euro. This was due to the limited confidence returning to the markets. This

The US dollar was up versus most of its peers this morning; however it lost ground against the Canadian dollar and the euro. This is because of the limited confidence that returned to the markets.

The Euro continued to remain dull, following a decline for three continuous days on bets that European Central Bank President Mario Draghi will hint at further stimulus measures to counter the region’s debt crisis after Thursday’s policy meeting.

The prices of natural gas gained on Friday against Thursday’s drastic drop to the lowest level since September, 2001, thus enabling investors to have bargain opportunities.