How Sweet IS It?

By Jon Nadler
14 August 2009 @ 10:09 am EDT

A further 3% overnight drop in the Shanghai market helped the dollar-yen duo regain some lost ground as investors chose the two currencies a bit of a safe-haven nod. The action was not very aggressive, and this morning's dollar index was still showing a bit of red, quoted at 78.30 (off by 0.14). Crude oil rose only marginally, gaining 35 cents to $70.87 per barrel. Gold traded from $955 to $960 against this lackluster background, and was seen awaiting US economic data on inflation and industrial output.

IBTimes Commodity Commentaries

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