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Marc Chandler reports the dollar extended losses after the FOMC, with selling against major and most emerging market currencies. The 10-year Treasury yield fell to about 4.71%, and December WTI crude was around $82 after testing $80 support.
A weaker dollar and firmer crude oil support dollar-priced agricultural commodities and raise biofuel-linked feedstock values, though the Fed message was largely unchanged.
marctomarket.comNov 2, 2023Not enough comparable past events yet for a historical read.
Not 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.
