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The euro, sterling and Swedish crown rose about 1% against the dollar on Tuesday as traders weighed UK and euro zone jobs data and a better German ZEW sentiment reading. The dollar index slipped 0.8% to 106.08, touching a three-month low.
Traders also cited easing tensions after the Biden-Xi summit and Russia's withdrawal from Kherson.
Routine FX moves with a softer dollar offer only marginal support to dollar-priced commodities. The de-escalation headlines slightly reduce safe-haven demand for the dollar.
financialpost.comReutersNov 15, 2022Not 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.
