Free Trial

Broad Commodities Complex Benefits From Sliding Dollar

COMMODITIES
  • Commodity markets traded well Monday, with both WTI and Brent crude futures trading well. Oil markets benefited from the solid bounce in global equities, while a weaker dollar backdrop benefited commodities in general.
  • Meanwhile, new cycle highs were printed in Lumber futures, which continue their sharp rally to hit another all time highs. This extends the YTD rally to close to 90%.
  • Silver and gold were also beneficiaries, with silver rising sharply to pressure the gold/silver ratio to its lowest level since mid-March.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.