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The US dollar index retraced some gains as markets questioned whether enough tightening had been done. US durable goods came in soft, the Dallas Fed contracted, and oil traded in a rising wedge.
Dollar direction and oil moves feed into commodity pricing and input costs, but this is a routine daily market wrap with no new fundamental cause.
macrobusiness.com.auHouses, HolesFeb 27, 2023Not 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.
