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A Kotak Securities weekly commodities outlook says the dollar rebounded above 105 in the week ending May 24 as hawkish FOMC minutes and rising US input costs dampened rate-cut hopes. Global equities pulled back as a result.
A stronger dollar and reduced rate-cut expectations weigh on dollar-denominated commodity prices, including feed grains and oilseeds.
moneycontrol.comKaynat ChainwalaMay 26, 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.
