# Commodity drop saps stocks; Dollar gains after Fed - Moneyweb

> A broad commodity decline dragged European equities lower and Bloomberg's commodity index fell to its lowest in over a year as copper dropped and oil fluctuated. The dollar advanced after the Fed raised rates for the second time in 2017 and kept a hike projected for later this year.

- Date: 2017-06-15 · published 2017-06-15T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/70403-commodity-drop-saps-stocks-dollar-gains-after-fed-moneyweb
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A multi-year low in the broad commodity index and a firmer dollar signal weaker raw material prices, which feeds through to lower grain and oilseed values and cheaper energy inputs for feed producers.

## Read by commodity

- DXY: bullish ▲
- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/commodity-drop-saps-stocks-dollar-gains-after-fed/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.