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The US Dollar Index held near 107.09 on November 26 after stronger-than-expected consumer confidence data. EUR/USD and GBP/USD slipped on weak German and UK data, and gold traded near $2,620 under pressure from dollar strength.
A firm dollar raises the dollar cost of imported feed ingredients for non-US buyers and tends to weigh on dollar-priced commodities, including gold and grains.
fxempire.comArslan AliNov 26, 2024Not enough comparable past events yet for a historical read.
Not 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.
