Summary Box: Metals, energy and grains all rise in light trading as dollar falls
By APFriday, February 26, 2010
Summary Box: Commodities rise on weaker dollar
WHAT DOES THE DOLLAR’S DROP MEAN FOR COMMODITIES: Commodities often get a boost from a weaker dollar because they are priced in dollars. A cheaper dollar makes commodities more enticing for foreign investors.
WHAT ELSE AFFECTED TRADING: Volume was light, which can exaggerate gains and losses. It also adds more volatility to trading.
WHY DOES UPBEAT AUTO DATA HELP PLATINUM AND PALLADIUM: The two metals are primarily used for industrial purposes, specifically in catalytic converters for automobiles. So upbeat signs from Japan’s auto industry helped prices for the metals.
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