Friday, 6 May 2011

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Cocoa leads crop falls as US data speeds fund exit

  • Friday, 6 May 2011
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  • Cocoa led crops lower as commodities suffered another sell-off, accelerated by a report showing US jobless claims at an eight-month high fuelled a switch to assets deemed less risky. New claims for US unemployment benefits rose by 43,000 to 474,000 in the last week of April, the highest since August, and significantly higher than the 410,000 that economists had expected, official data showed.



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