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Sterling rose as much as 0.2% to $1.3267 after July UK inflation came in above expectations, erasing its 2020 losses against the dollar. Bloomberg reports the dollar's decline is doing most of the work, with the Bloomberg Dollar Spot Index down every month since March.
Broad dollar weakness supports dollar-priced commodities, but this is routine currency coverage with no new feed-specific cause.
moneyweb.co.zaVassilis Karamanis, Michael Hunter, BloombergAug 19, 2020Not 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.
