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The US dollar hit new closing highs on Wednesday as the euro and Chinese yuan fell. Gold and oil declined, while the Australian dollar was roughly stable against developed-market currencies.
A firmer dollar and weaker oil reduce commodity prices in dollar terms and weigh on export-linked currencies, but this is routine market commentary without a new cause.
macrobusiness.com.auHouses, HolesSep 26, 2019Not 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.
