Materials up as Dollar Weakens in Wake of Fed Hold

Dow Jones05:39

Producers of metals, grains and other raw materials rose as the U.S. dollar weakened.

Traders digested surprisingly dovish comments from Federal Reserve Chairman Kevin Warsh.

Steel maker Cleveland-Cliffs ruled out selling Stelco until the business improves production and 175 laid-off workers return to their jobs, an effort Chief Executive Lourenco Goncalves said hinges on Canadians buying the company's steel products.

 

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