05.08.2015 - Dollar’s slip helps stabilise commodities
Commodity prices stabilised on Tuesday after a key index fell to its lowest closing level since 2003 in the previous session, with oil moving back above $50 a barrel. The Thomson Reuters Core Commodity Index, which measures the performance of 19 commodities, on Monday closed below 200 for the first time in more than a decade, in the latest sign that the so-called commodity supercycle has come to an end. On Tuesday the index edged back above 200 as the US dollar slipped, helping support commodities priced in the greenback, but few are prepared to say that the rout is over. Brent crude, the international oil benchmark, rose 1 per cent to trade at $50.07 a barrel, having hit a six-month low of $49.52 in the previous session...............................................Full Article: Source
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