U.S. Dollar Falls as Commodities Rise

The U.S. dollar lost some ground against the euro as the prices of commodities rise. In today's early trading, crude oil went up by 0.93% to $98.44, while natural gas added 0.76% to its value and is trading around $4.358. Among the precious metals sector, silver rose 0.38% to $35.23. Only gold failed to gain any ground on the U.S. dollar, standing at $1,518.35. As the prices of commodities went up, the U.S. dollar lost some value against its European rival. At the moment, the euro is trading at $1.4069, or 0.146 above yesterday's close. Those traders who believe the prices of commodities will continue to rise, bringing the value of the U.S. dollar down against the euro, will be interested in the PowerShares DB Commodity Index Tracking Fund DBC and the EUR/USD Exchange Rate ETN ERO.