Tags: US | Commodities | Review

Rising Dollar Leads to Broad Commodities Sell-Off

Monday, 17 May 2010 03:59 PM

A broad sell-off in the commodities market continues as the stronger dollar pulls down the price of grains, oil and some metals.

A sharp drop in Chinese stock markets also has commodities investors worrying. A slowdown in China's economy would significantly cut demand for products like copper and oil.

The main focus, however remains the dollar, which is benefiting from a tumbling euro.

The euro, used by 16 countries in Europe, fell to a four-year low against the dollar early Monday. Investors are trying to figure out whether planned budget cuts in countries like Greece, Spain and Portugal will hinder a long-term economic recovery in Europe.

Copper, platinum, palladium and oil are all down more than 2 percent.

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A broad sell-off in the commodities market continues as the stronger dollar pulls down the price of grains, oil and some metals.A sharp drop in Chinese stock markets also has commodities investors worrying. A slowdown in China's economy would significantly cut demand for...
US,Commodities,Review
118
2010-59-17
 

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