Obama's election as US President is expected to accelerate the stabilization of steel prices

by 00483301 on 2008-11-11 10:36:47

The much-anticipated US election has finally come to an end, and the first African American president, Obama, is about to take office.

Strong Dollar, Weak Commodities

At noon yesterday when the results of the US election were announced, the dollar index soared, and the domestic futures market experienced a high-opening and low-closing trend. The electronic board of the foreign exchange market also went through a slight retracement - the pattern of "a strong dollar and weak commodities" has shown its true colors on a small scale. Many experts have previously pointed out that the incoming Democratic administration in the US...