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The dollar/yen pair held near the 111.0 support level after a post-holiday week opened with calm FX trade. Traders saw the greenback's weakness as a bad sign for dollar bulls, with doubts about the Fed's 2018 rate path weighing on the dollar.
Dollar weakness tends to support dollar-priced commodities, but this is routine FX commentary with no new supply or demand driver for feed. Feed buyers would see only a minor effect.
cnbc.comBoris SchlossbergNov 27, 2017Not 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.
