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Sterling extended its rally to a seventh straight session, trading above $1.43 with a starting price of $1.4323. Traders cited the prospect of higher UK interest rates and dollar weakness linked to trade disputes.
A weaker dollar tends to support dollar-priced commodities by making them cheaper for non-US buyers.
bbc.comApr 16, 2018Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
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.
