Summary Box: Commodities bounce off lows as dollar declines; Bernanke plans stimulus exit
By APWednesday, February 10, 2010
Summary Box: Commodities recover from morning lows
HOW DID COMMODITIES MOVE: Commodities rallied in the afternoon after dropping to start the day.
WHAT PROMPTED THE TURNAROUND: The dollar started to weaken as investors became more comfortable with Federal Reserve Chairman Ben Bernanke’s plans to withdraw stimulus measures. A weaker dollar makes commodities a more attractive investment.
WHAT FUTURES PERFORMED THE BEST: Grains were the biggest winners. Wheat prices jumped more than 2 percent, while corn and soybeans also rose.
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