Lower dollar is positive for commodities

Note: This section contains information in English only.
Source: Marktwatch

The dollar index DXY fell by 0.88%. It was traded at 77.218 on Friday compared to 77.660 Thursday in North American trading. Lower dollar value contributes positively to commodity trade as the price for them is lower for other currency holders.

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Fri, 11 Nov 2011 18:03:06 GMT

US trade deficit decreases

US trade deficit decreased by 4% achieving $43.1 billion in September from $44.9 billion in August according to Commerce Department. The drop in trade gap is much larger than predicted $45.6. At the same time imports have been stagnating for four months. Exports rose by 1.4% to $180.4 billion while imports increase only by 0.2 % to $223.5 billion.

Fri, 11 Nov 2011 18:02:39 GMT

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Situation in Europe started to stabilize as political tensions in Italy and Greece became lower. The prospects of oil demand are positive and crude oil price for December delivery increased by 0.8% approaching to $98.46 a barrel as traded on the New York Mercantile Exchange.

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