Forex | Forex | USD has not dropped as we normally see when commodities rise significantly (31/07/2009 12:49:20)

USD has not dropped as we normally see when commodities rise significantly

Commodity news The last 24 hours have been very volatile for commodity markets. Yesterday, prices started in the red as the market feared a slowdown in Chinese credit growth. However, as risk appetite returned, commodity prices spiked. Brent 1.pos. rose from USD 67 a barrel to USD 70.85 a barrel this morning. Hence, the market has quickly shrugged off the rise in US weekly oil stocks, released on Wednesday night. The business-cycle sensitive metals also had a strong performance yesterday and


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