Trumpβs White House win and a rebound in US dollar putting pressure on commodities
Commodity prices liquidated, weighed down by a sharp rebound in the US dollar followed by Donald Trumpβs win in the recent US Presidential election. The 25-basis point rate cut by the US Federal Reserve in the first week of November also affects the commodities’ price outlook. Commodity prices and the US dollar are inversely correlated….
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Dollar sits atop one-year peak as Powell sends yields up, China data mixed
The U.S. dollar was poised for big weekly gains on Friday, towering near one-year highs as a hawkish turn from the Federal Reserve chief sent short-term Treasury yields higher, leaving Wall Street and European futures in the red. Asian shares looked to end a brutal week on a steadier note, helped by Chinese data retail…
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