Loading…
MacroBusiness, quoting Macquarie, argues that the US dollar has not fully suppressed base metal prices. LME metal prices rose about 9 percent since the US election, and the Chinese yuan price rose 11 percent.
Metals strength despite a firmer dollar signals underlying demand, but the note focuses on base metals rather than feed-relevant commodities.
macrobusiness.com.auHouses, HolesNov 30, 2016Not 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.
