23 July 2012 04:40 [Source: ICIS news]
SINGAPORE (ICIS)--Crude futures fell by more than $1/bbl on Monday morning on the back of a strong US dollar, as the euro is being battered on concerns about the eurozone debt crisis.
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A strong US dollar makes dollar-denominated commodities like crude more expensive for investors.
“[The] eurozone crisis has become the focus again,” DBS Bank said in a research note.
“Trimming the budget won’t be easy [for
Asia’s equities markets are also being hounded by eurozone concerns, with the
($1 = €0.83)
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