Precious metals slide with commodities on risk reduction & dollar strength |
|
London, 03 October 2008 - Selling was seen across the commodity spectrum yesterday with the CRB & GSC Indexes losing around 4.5% as dollar strength, record borrowing rates and risk reduction prompted fund and investor liquidation. NYMEX crude futures finished down $4.56 at $93.97/barrel and have weakened further overnight, trading below $93/barrel. EUR/USD traded as low as 1.3743 yesterday following the ECB rate announcement and is likely to remain in a volatile mood today ahead of key
Filed under: Fundamental
Latest Posts
- The Risks Ahead
- TopForex.info » Flexible Forex Trading In Action | Forex Income …
- ISM Non-Manufacturing Index Plunges to Record Low
- USD, JPY Drift Lower, RBA Cuts
- New York Session
- U.S. Forex Market Commentary
- U.S. Forex Market Commentary
- Currency Pair Overview - Forex Trading, Currency Forecast, FX …
- Daily Forex Signal
- Daily Forex Signal
- Mid Week Report - Fundamentally Speaking
- Forex News: US Beige Book Headlines from the Fed | FXDD
- Time and change
- Foreign Exchange Market Daily Update - Forex Trading, Currency …
- TopForex.info » Forex Trading: The Most Common Flaws Posted By …