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Market wrap on November 27 notes the US dollar index rose as the euro fell, with the Australian dollar lower, gold, oil and metals weaker. Westpac's event wrap cited upward revisions to US GDP and mixed consumer and housing data.
A firmer dollar and weaker oil put downward pressure on dollar-priced commodities and energy-linked feed costs. The article describes routine moves without a major new supply or demand driver.
macrobusiness.com.auHouses, HolesNov 27, 2019Not enough comparable past events yet for a historical read.
Not 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.
