Mon, Mar 2, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Currencies more

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


 Article link

This post was written by:

VRS - who has written 39456 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
March 2015
S M T W T F S
« Feb    
1234567
891011121314
15161718192021
22232425262728
293031