# Strong demand in commodities despite inflation, recession dilemma

> Nickel rose 9.5%, palladium 6.7%, lead 6.2%, zinc 3.1%, copper 3% and aluminum 0.2% in the week, as the Fed held rates steady while the ECB hiked by 25 basis points. The People's Bank of China cut its one-year loan prime rate and seven-day reverse repo rate.

- Date: 2023-06-19 · published 2023-06-19T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/8292-strong-demand-in-commodities-despite-inflation-recession-dilemma
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar and Chinese easing support industrial metals and broader commodity demand, with limited direct effect on feed grains. The macro backdrop is supportive of commodity prices overall.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-10-22 | [Goldman Sachs: Commodities bull market ahead on dollar, inflation risk](https://feedsoft.ai/events/50555-goldman-sachs-commodities-bull-market-ahead-on-dollar-inflation-risk.md) | +0.8% | -1.1% |
| DXY | 2019-06-19 | [Commodities outlook: It's all action as Fed decides](https://feedsoft.ai/events/58511-commodities-outlook-it-s-all-action-as-fed-decides.md) | -1.1% | -0.9% |
| DXY | 2021-04-30 | [Inflation-tolerant Fed will boost commodity prices \| Reuters](https://feedsoft.ai/events/47512-inflation-tolerant-fed-will-boost-commodity-prices-reuters.md) | +0.1% | -0.8% |
| DXY | 2021-05-11 | [Commodity currencies hold advantage as dollar waits for inflation and Fed \| Reuters](https://feedsoft.ai/events/47003-commodity-currencies-hold-advantage-as-dollar-waits-for-inflation-and-fed.md) | +0.3% | -0.1% |
| DXY | 2025-12-24 | [Rand in good Christmas spirits as dollar’s demise sends commodities soaring \| News24](https://feedsoft.ai/events/21778-rand-in-good-christmas-spirits-as-dollar-s-demise-sends-commodities-soaring.md) | +0.0% | -0.7% |

## Sources

- aa.com.tr: https://www.aa.com.tr/en/economy/strong-demand-in-commodities-despite-inflation-recession-dilemma/2925822

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