Oil, Metals Tumble As Dollar Firms, China Hints At Monetary Tightening
Crude oil and metals lost almost 2% of their value and agricultural markets ended broadly lower Monday on a stronger dollar and fears that China may tighten its credit. The 19-commodity Reuters-Jefferies CRB index slipped to a three-week low, with the dollar rising against the euro after the lack in progress in rescuing debt-laden Greece hit the single European currency. A stronger dollar weakens demand for commodities, since investors and traders
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