# Commodity Currencies Near Multi-Month Highs on Strong Raw Material Prices

> 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.

- Date: 2021-10-21 · published 2021-10-21T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/44440-commodity-currencies-near-multi-month-highs-on-strong-raw-material-prices
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

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.

## Read by commodity

- DXY: bearish ▼
- AUDUSD: bullish ▲

## Sources

- globalbankingandfinance.com: https://www.globalbankingandfinance.com/commodity-currencies-at-multi-month-highs-sterling-firm-on-boe-rate-hike-bets/

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