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Commodities extend rally to two-year high as U.S. dollar falls

Posted on 15 October 2010

From Bloomberg: Commodities extended a rally to the highest in two years on speculation the declining U.S. dollar will boost investments in metals, energies and agriculture futures.
The dollar fell 0.8 percent against a basket of six major currencies. The Standard & Poor’s GSCI Index of 24 raw materials rose as much as 1.1 percent to 577.9490, the highest level since Oct. 3, 2008……………………………………….Full Article: Source

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VRS - who has written 37214 posts on Opalesque Commodities Briefing.


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