Loading…
The US Dollar Index traded near 97.26 and was heading toward daily highs around 97.30 as US 10-year yields rose for a fourth session. Traders expected a hawkish FOMC message and focused on the timing of balance sheet reduction.
Speculators had raised net long dollar positions to two-week highs.
Routine dollar moves tied to yields and positioning have little direct price impact on feed commodities ahead of the FOMC meeting.
octaafrica.netJun 12, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
