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Sterling was on track for its biggest monthly gain since 2009 as the dollar fell about 5% in July. The pound rose 0.5% to $1.3159, its highest since early March.
Bank of America strategists expect sterling weakness in August to December.
A weaker dollar lifts dollar-priced commodities and tends to support export competitiveness for US grain, but the reported moves are currency-specific rather than a new supply or demand shock.
brecorder.comReutersJul 31, 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.
