Hot Stocks: The dollar sank to all low and oil rose to $101 a barrel

After a supple cut in Nigeria, Africa’s top exporter and with the U.S. dollar sinking to new low oil rose towards $101 a barrel, investors have pumped a lot of cash into commodities in recent weeks and with betting on the signs that the U.S. Federal Reserve will keep cutting rates to prop up the economy.

Yes the US Dollar fell to a record low versus the Euro on Thursday. U.S. crude rose $1.31 to $100.95 a barrel by 10:00 a.m. EST, and having hit a record high of $102.08 on Wednesday with London Brent crude gained $1.24 to $99.53.

For the full report please visit Reuters.

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