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U.S. Dollar Breakout Could Cool Off Commodities Prices

Published 06/18/2021, 04:42 PM

U.S. Dollar Weekly Chart.

Rising commodities prices have been all over the news for several months. The rally has been broad-based and persistent.

So what could possibly derail the commodities rally? U.S. dollar strength.

The dollar has not been so king-like over the past several months, but it is starting to show strength after double-bottoming at (1). And it is now attempting to breakout at (2).

Lumber, precious metals, grains, energy – all types of commodity bulls are watching the U.S. dollar here.

White-hot commodities could really cool off it the U.S. dollar succeeds in breaking out at (2). Stay tuned.

Latest comments

Eish
USA Monopoly end now kingmaker Russia zeero dollars
The fed ia using the dollar to reduce inflation. Currency manipulation by US not by Ch ina
the fed creates inflation you dummy
hello
Not going to make the call on options expiration day
Hi
We just keep on printing money as we wish with nothing to back the dollar. If we put the dollar back on the gold standard I think things would eventually even out.
Amerca does produce goods dollar is back by gdp stupid we are not Venezuela
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