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Commodity ETFs lead the charge after G-20 meeting

Posted on 26 October 2010

From Etftrends.com: Commodity exchange traded funds (ETFs) are surging higher driven by the commitment by the financial administrators from the Group of 20 Nations to stabilize the currency markets by avoiding competitive currency devaluations.
In a statement released at the conclusion of their two-day meeting in South Korea on Saturday, it was reported that they would “move toward more market-determined exchange rate systems that reflect underlying economic fundamentals and refrain from competitive devaluation of currencies.”………………………………………Full Article: Source


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