Dollar Helped Drive Commodity Investment Post-Fed Meeting: ChartBy
A weaker dollar this week, owed in part to the Federal Reserve’s decision Wednesday to stand pat on interest rates, helped to fuel gains in metals, oil and other commodities. As of 12:25 p.m. in New York, the Bloomberg Commodity Index was headed for a weekly gain. When the greenback falls, commodities priced in dollars become cheaper for customers using their local currency.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.