Investors continued to unwind long positions in risk assets after QE mania has sent prices much higher. USD soared as criticism from China and Germany on Fed’s QE2 persisted ahead of the G20 summit, heightening worries about a discord among member countries. Commodities traded with high volatility. WTI crude oil initially surged to 87.63 as both the IEA and EIA raised their global demand forecasts. Gains were erased as the dollar firmed and equities slipped. Price eventually settled at 86.72, down -0.39%.
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