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Dec 08, 2016

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Market Analysis

Home » Charts » Mar. 30, 2015: Dollar Index Up, Commodities Down

Mar. 30, 2015: Dollar Index Up, Commodities Down

Posted by FXTimes in Charts - March 30th, 2015 1:50 pm GMT

The US dollar advanced against a basket of currencies on Monday ahead of a slew of economic data that could test the Federal Reserve’s patience in keeping rates lower.

The dollar index (DXY) advanced 0.4 percent to 97.69.

 

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The dollar moved in tandem with commodities, which declined across the board. Crude oil (WTI) fell 1.1 percent to $48.33 a barrel. Global crude (Brent) declined 1 percent to $55.85 a barrel.

Precious metals were also down in intraday trade. Gold futures fell 1.5 percent to $1,183.10 an ounce. Silver for May delivery tumbled 2.3 percent to $16.67 a barrel.

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