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The dollar index held near 94.86 for the week ending November 3 despite a dovish FOMC statement and a weaker-than-expected payrolls rise. Speculators trimmed their net short dollar positions.
Reduced speculative shorts point to some near-term dollar support, which can weigh on dollar-priced commodities. The effect on feed markets is minor.
marketrealist.comRicky CoveNov 6, 2017Not 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.
