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The British pound steadied on March 29 after a sell-off the previous day following comments from Governor Bailey that rate hikes might be less aggressive than expected. The yen remained near six-year lows against the dollar, and WTI and Brent crude were each down about 1.5% amid Shanghai lockdowns.
Benchmark 10-year Treasury yields were near 2.50%.
This is routine currency commentary with no new fundamental driver for feed commodities. The small crude decline reflects demand worries from lockdowns rather than a supply change.
forex.caMar 29, 2022Not 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.
