Commodity Shares Rally on Yuan Reform
June 21, 2010 at 11:37 AM EDT
Commodity shares gained in today’s trading session after China announced plans to make yuan more flexible and end its two-year informal peg to the dollar, signaling confidence in the global economy. The Dow was up about 100 points at the start, led by multinational corporations including: Alcoa Inc. (AA), leader in the Dow, is testing the upper [...]