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The US dollar index rose 0.1% and EUR/USD eased from 1.0864 to 1.0824. USD/JPY rose to 151.60 as Japanese officials threatened intervention, and US durable goods orders and consumer confidence were mixed.
A firmer dollar and weaker major currencies are a mild headwind for dollar-denominated commodity prices, but the moves are small and routine.
westpaciq.com.auWestpac Australia Economics, Robert Rennie, Imre Speizer, Tim Riddell, Uma ChoudhuryMar 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.
