Materials up on Weaker Dollar - Materials Roundup

Dow Jones
Aug 15

Producers of metals, grains and other raw materials rose following weak retail sales data.

U.S. retail sales unexpectedly dropped 0.6%, weighing on the U.S. dollar. Dollar-denominated commodities such as gold rose.

Tyson Foods is planning on closing a major beef processing plant and selling another, the latest moves by the meatpacking giant to pull back from the beleaguered beef business.

 

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