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The euro fell to $1.1049 on January 24, 2020, near seven-week lows, after the ECB struck a more dovish tone than expected. The dollar index held at 97.717 and was on track for a third weekly gain, with markets awaiting flash PMI data.
A stronger dollar tends to weigh on US commodity prices in global markets while supporting import costs elsewhere. The move reflects currency sentiment rather than a supply or demand change for feed.
thehindubusinessline.comReutersJan 24, 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.
