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Commodities Briefing - Categorized | Currencies, Market Moves more

Dollar slides, commodities rise after G20

Posted on 25 October 2010

From Reuters: The dollar slid against yen and other Asian currencies on Monday after a Group of 20 meeting produced enough agreement to keep a status quo trade of selling the U.S. currency and buying equities and commodities such as gold.
While the international meeting did not reach a consensus on details such as numerical targets for a country’s economic imbalances, the G20 found common ground on the need for more “market oriented” exchange rates and concluded with a shift in power to developing economies in the International Monetary Fund — enough to avert an all-out currency war, for now……………………………………….Full Article: Source


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