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Commodity rout weighs on markets

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 9, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    US stocks extended losses on Tuesday as continued decline in oil prices weighed on markets and weak Chinese trade data undermined investor confidence. The dollar weakened with euro advancing and commodity currencies weakening further as the slump in oil and materials continued. According to live dollar index data the ICE US Dollar index, a measure of the dollar’s strength against a basket of six currencies, fell 0.3%. The China data, which showed imports fell for the 13th consecutive month and

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