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Commodities Briefing - Categorized | Currencies more

Commodities under pressure as dollar pushes higher

Posted on 16 October 2012

Commodity prices are moving lower overnight as the US dollar pushes broadly higher, applying de-facto downward pressure to assets denominated in terms of the benchmark currency. While single catalyst for the advance is not readily apparent, a pickup in haven demand for the greenback seems reasonable as traders cast a worried eye toward the week ahead.
The third-quarter corporate earnings reporting season gathers pace over the coming days – 84 members of the S&P 500 are due to release results – and traders appear increasingly concerned that companies’ guidance will point to a deepening slowdown in global growth………………………………………..Full Article: Source

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