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Nomura analysts say most commodity prices have gained momentum since the US election, supported by the Chinese economic recovery. They expect commodity currencies such as AUD, NZD, NOK and CAD to hold up if China's economy stays resilient despite higher US rates.
Commodity-currency strength tracks China-linked demand for raw materials. A Chinese slowdown combined with higher US rates would weaken those currencies and the commodities they track.
octaafrica.netJan 17, 2017After 4,478 past macro events, US Dollar (Broad) moved a median +0.0% over 5 sessions (51% higher; middle half -0.4% to +0.5%), and +0.1% 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.
