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Commodity currencies traded near multi-month highs on strong raw material prices, while sterling firmed on expectations of a Bank of England rate hike. The dollar index hovered near three-week lows after a recent 15-month peak.
Firm commodity prices and a softer dollar support export-linked currencies and dollar-quoted raw materials, though Fed tapering expectations limit the dollar's decline.
globalbankingandfinance.commaria gbafOct 21, 2021Not 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.
