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Better-than-expected US data, including weekly jobless claims falling to 187,000, lifted global equities and left the dollar flat near one-month highs. The pound gained after hot UK inflation and the Australian dollar rose despite a sharp December jobs drop.
A risk-on shift and steady dollar tone provide a modest backdrop for commodity prices, but the story is mainly a routine currency and equity market wrap.
convera.comIngmar ApinisJan 18, 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.
