Summary Box: A broad-based commodities sell-off continues as the dollar climbs further
By APMonday, May 17, 2010
Summary Box: Commodities fall as dollar gains
STRONG DOLLAR: A strong dollar again hurt the price of most commodities Monday. Ongoing concerns about the health of Europe’s economy helped the dollar.
METALS RETREAT: Most metals, particularly platinum, palladium and copper, all fell because of the stronger dollar and worries about a slowdown in global demand.
OIL DROPS: Benchmark crude continued its plummet, dropping below $70 a barrel for the first time since February. It’s down nearly 20 percent since hitting an 18-month high two weeks ago.
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