Commodities Decline on Europe Debt Worries, Stronger Dollar
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Commodities fell the most in a month as gains in the dollar eroded demand for raw materials amid concern that Greece may fail to qualify for more financial aid needed to avoid default.
Greece’s Finance Ministry said it had a “productive and substantive discussion” with international officials who will determine if the country qualifies for further bailout funds. The dollar rose as much as 1.2 percent against a basket of six major currencies, eroding the appeal of raw materials.