precious metals

The growing USD decreases commodities

The USD recovery on Friday caused the fall of commodities; this means that the cost of several goods will not be too wasteful for the capitals of the American people. At the moment the US currency has compensated all its losses it has borne throughout the year. For instance the US Dollar Index on the Chicago Mercantile Exchange that shows the USD in relation to other major currencies has increased to the level last experienced in the December 2007. Such events decreased the intentions to use dollar-denominated commodities as a hedge.

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