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Commodities collapse signals reprieve for dollar

Posted on 06 May 2011

After the rest of the world appeared to turn its back on the dollar, the U.S. currency found one unexpected friend: the commodities market. Panic selling in oil, copper and silver led to the dollar’s best day since October against major currencies .DXY on Thursday as investors fled to familiar safe havens.

The biggest commodities correction in more than two years is the best, perhaps only, thing going for the dollar, which has been on a five-month slide as investors shunned it for higher returns in commodities and other currencies……………………………………….Full Article: Source


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VRS - who has written 37629 posts on Opalesque Commodities Briefing.


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