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The dollar rose to 108.06 on the broad index, near a two-year high, as yen weakness persisted. Markets were pricing a Bank of Japan rate increase in January, and Treasury yields had fallen about 2% on the Monday.
Expectations of BOJ tightening pulled USD/JPY toward 156 while the dollar index held firm, a combination that marginally weighs on dollar-priced commodities. Feed buyers should see little direct impact.
fxstreet.comAkhtar FaruquiDec 31, 2024Not 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.
