# Commodity weekly: Weak dollar driven rally | Saxo

> Saxo's Ole Hansen reports that the commodity sector rose for a second week, with the Bloomberg Commodity Total Return index up 3.7% on the month. Silver, crude oil, fuel products, platinum and copper led gains. The piece attributes the rally mainly to a weaker dollar and Treasury yields after softer US inflation data, plus Chinese policy support.

- Date: 2023-04-21 · published 2023-04-21T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/36303-commodity-weekly-weak-dollar-driven-rally-saxo
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar and expectations of a Fed pause lift dollar-priced commodities, and energy and fuel strength pushes up input costs for feed production and transport.

## Read by commodity

- DXY: bearish ▼
- WTI: bullish ▲
- BRENT: bullish ▲
- DIESEL: bullish ▲

## Sources

- home.saxo: https://www.home.saxo/content/articles/commodities/commodity-weekly-14072023

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.