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The dollar slipped below 110.80 yen in Tokyo trading on Friday as investors held back ahead of the US PCE inflation release. The euro was steady near $1.1947 and the dollar failed again to break above 111 yen.
This is routine market commentary with a pre-data-release lull and no new fundamental driver. Dollar softness would give only a small, short-lived support to dollar-denominated feed commodity prices.
japantimes.co.jpNo AuthorJun 25, 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.
