FX.co ★ Baltic Dry Index Falls to More Than 7-Week Low

The Baltic Exchange Dry Index declined 2.2% to 2,852 on Monday, marking its lowest reading since August 21. The capesize index, which tracks vessels typically carrying 150,000-ton cargoes such as iron ore and coal, dropped 4.4% to 4,148, its weakest level since late July. In contrast, the panamax index, reflecting ships that usually transport 60,000 to 70,000 tons of coal or grain, inched up 0.3% to 2,432, while the supramax index added 0.4% to reach 1,821.