12.12.2014 - Zinc Rebounds With Base Metals as Dollar Retreats
Zinc rebounded along with most industrial metals as the dollar headed for the longest losing streak since July, making commodities priced in greenbacks more attractive to investors. Zinc climbed as much as 0.6 percent after falling to the lowest since June yesterday. The Bloomberg Dollar Spot Index, which measures the greenback against 10 major currencies, retreated 0.1 percent to 1,110.81, dropping for a fourth day. Factory-gate deflation in China, the biggest metals consumer, deepened last month and consumer prices climbed at the slowest pace since 2009, signaling room for further monetary easing...............................................Full Article: Source
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