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The US Dollar Index held steady slightly above 104.50 while markets awaited German CPI data and the Fed Beige Book. The 10-year US Treasury yield held above 4.5%, and US equity futures traded lower.
A steady dollar near multi-month highs keeps dollar-priced feed commodities expensive for importers, but no new catalyst is emerging. This is routine market commentary.
fxstreet.comEren SengezerMay 29, 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.
