Here is the Wall Street Journal’s excellent chart series called the Daily Shot showing the CRB price index and the dollar index with this commentary:
“The dollar continues to drift lower, helping stabilize commodity prices.” What?
The charts are excellent, but can you argue that recent dollar weakening is the reason commodity prices have found support? Based on the dollar index chart, the dollar has been trending lower all year at the same time the CRB has been trending lower…
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