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Commodity prices hinge on China and the U.S. dollar

Posted Aug 24th 2009 12:40PM by Connie Madon (RSS feed)
Filed under: International Markets, China, Market Matters, Commodities, Oil

After last year's crash, commodity prices have been sloshing around without too much direction. Oil has been a noticeable standout, however, moving from $32 per barrel to $74 per barrel.

Sugar has moved from about 15 cents per pound to 22 cents per pound, based on supply and demand factors.

Commodity traders are in a quandary about prices going forward. They are looking primarily at China and the U.S. dollar, reports BusinessWeek.

Continue reading Commodity prices hinge on China and the U.S. dollar

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