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NEWS ADMIN

Mahamad Rodzi Abdul Ghani

DATE

24/02/2005

NEWS PROVIDER

Mahamad Rodzi Abdul Ghani

NEWS SOURCE

Oilmandi

CATEGORY

HEADLINE

USD Weakness Positive For Palm Oil Demand
2/23/05 Oilmandi - Renewed USD weakness another factor likely to supportpalm oil market in near term, traders say. EUR/USD now at 1.326, highestsince mid-January. Continued USD weakness makes dollar-denominatedcommodities like palm oil more attractive for consumers, likely to triggerfresh buying interest.