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Commodities Briefing - Categorized | Commodity Crisis, Currencies, Regulatory more

Heads up on currency plays and the impact of the dollar on commodities.

Posted on 31 October 2008

From Mineweb.com: Global policy interest rate directions in play as the dollar and yen take a breather. The impact on commodities and currencies where commodities are key to local economies, is already beginning to be seen.

After trading at multi year lows on Tuesday this week, the dollar index took a breather before, and following, Wednesday’s decision by the Federal Reserve, the US central bank, to cut its policy interest rate by 50 basis points to 1%. The yen, which, like the dollar, has staged a huge multi month rally, is also breathing easier….. Full Article: Source


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VRS - who has written 39041 posts on Opalesque Commodities Briefing.


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