Volatility hits commodities as Fed cuts stimulus again


  • Business
  • Saturday, 01 Feb 2014

LONDON: Commodity prices faced a choppy week as further stimulus tapering from the Federal Reserve and turmoil across emerging markets overshadowed solid fourth-quarter economic growth in the United States.

The news sent emerging market currencies plunging in India, South Africa and Turkey, despite a raft of interest rate hikes.

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