08.10.2014 - Rising supply in key commodities weighs on prices
Commodity markets remain on the defensive with rising supply in many key commodities continuing to apply near-term downside pressure to prices. That, not least, is also due to current concerns about a slowdown in global growth and its potential negative impact on demand at a time where the dollar continues to go from strength to strength. The adversity created by the current rise in the dollar looks set to be theme that will stay with us for the foreseeable future with analysts currently expecting the greenback's ascent to continue. Some are now even talking about the rate against euro to return to parity which would represent a more than 25 percent appreciation from current levels...............................................Full Article: Source
Print