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The US dollar rose against all G10 currencies ahead of the FOMC meeting and the Treasury quarterly refunding announcement. Risk-sensitive currencies weakened after steep losses in US tech stocks, while the South African rand led emerging market advancers.
A firmer dollar and weaker risk appetite can pressure dollar-priced commodities, while a stronger rand helps South African importers. The report is a routine market wrap with no new supply or demand driver for feed.
dailyinvestor.comBianke NeethlingJan 25, 2024Not 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.
