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Dollar’s fall sparks biggest rally since 2013 start

Posted on 11 January 2013

Commodities rallied their most on Thursday since the start of the year as signs that European interest rates might hold pushed the dollar sharply lower against the euro, boosting raw materials priced in the U.S.currency.
Supply and demand factors also influenced a run-up in crude oil and natural gas prices. London’s Brent crude neared three-month high and U.S. crude hit a four-month peak before paring gains at the close on news that No. 1 oil producer Saudi Arabia had cut output. Supportive economic data from China further fanned expectations for oil demand………………………………………..Full Article: Source

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VRS - who has written 36638 posts on Opalesque Commodities Briefing.


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