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The dollar dipped on November 5 after three weeks of gains as investors took profits ahead of US midterm elections. Hedge funds raised net long dollar positions to their largest since December 2016, and the dollar index was near 96.3.
Routine currency moves with a firmer dollar tend to pressure dollar-denominated commodity prices, though this report describes positioning rather than a new structural cause.
cnbc.comReutersNov 5, 2018Not 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.
