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Displaying News From Forex & Commodities

China iron ore, steel drop for third session in four2017/06/24
MANILA: Chinese iron ore futures dropped for a third day in four on Friday, tracking losses in steel prices, with both commodities flush with supply at a time when consumption is seasonally weak.
Hot weather and rains in China typically slow down construction activity during summer, limiting the demand for steel ...

Sri Lankan rupee edges down on importer dollar demand2017/06/24
COLOMBO: The Sri Lankan rupee traded slightly weaker on Friday as dollar demand from importers surpassed sales of the U.S. currency, after the central bank held the key policy rates steady as expected, dealers said.
The central bank kept its benchmark interest rates steady on Friday before the markets opened, saying the current monetary policy was appropriate as it expected the economy to recover in
the second half of the year ...

Gold firms on weak dollar, risk aversion2017/06/24
BENGALURU: Gold prices edged higher on Friday as the dollar softened and risk aversion due to geopolitical events buoyed the safe-haven appeal of the metal. 
"Risk aversion is on the rise, mainly due to what's happening in the Middle East and also the news about China cracking down on some loans made overseas last year," said Richard Xu, a fund manager at China's biggest gold exchange-traded fund, HuaAn Gold ...

Oil edges up, but still set for worst H1 performance in 20 years2017/06/24
SINGAPORE: Oil edged up on Friday, recovering some of its steep falls earlier in the week, but crude is still set for its worst first-half decline in two decades despite ongoing production cuts.
Brent crude futures were at $45.33 per barrel at 0647 GMT, up 11 cents, or 0.2 percent, from their last close ...

Copper rallies as shorts cover ahead of weekend2017/06/24
SYDNEY: Copper rallied late on Friday as the dollar weakened, forcing shorts to cover positions ahead of the weekend, while zinc fell on profit-taking following this
week's surge on supply concerns. 
"Think it's all momentum buyers, the dollar was weak, which triggered stops at the top of the recent range," a trader said ...

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