Forex eToro

Can Commodities Overcome A Stronger Dollar?

About.com |

In Brief...

The dollar has been strengthening against other foreign currencies and this puts pressure on commodities in general. The long-term picture doesn't support a stronger dollar, but the short-term picture may have the dollar gaining momentum. The smaller countries could eventually drag down Spain and possibly Italy after that. The dollar was very oversold and due for a bounce, but the European mess is giving it momentum to move higher. The upside in the dollar should be limited, unless the European mess really explodes.

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