David Fickling, Columnist

Commodity Markets Brace for a Rampant Dollar

September 26, 2022 at 11:29 AM UTC

David Fickling is a Bloomberg Opinion columnist covering climate change and energy. Previously, he worked for Bloomberg News, the Wall Street Journal and the Financial Times.

The greenback is on the up and up.
Photographer: SeongJoon Cho/Bloomberg

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Welcome to Elements, Bloomberg’s daily energy and commodities newsletter. Financial markets are dominated by the ever-surging US dollar — the pound crashed to an all-time low early this morning — and Bloomberg Opinion’s David Fickling looks at the implications for global commodities markets. Elsewhere, Brent crude dipped below $85 a barrel for the first time since January and German Chancellor Olaf Scholz got slim pickings in his trip to the Middle East in search of gas. If you haven’t yet signed up to get it direct into your inbox, you can do that here.

The most important commodity in the world isn’t oil, or gas, or copper or iron ore: it’s dollars.