Business
Retracement of strong dollar fuels in commodity markets
Commodity bulls are facing stiff resistance from the strong US dollar.
Prices of oil, metals and agricultural products have declined since the beginning of June after opening fire in the context of Russia’s invasion of Ukraine. In part, the recent drop reflects investors’ concern that consumer demand Recession is approaching. But that’s also because most items are priced in dollars. That means a rising dollar makes them more expensive for buyers around the world and drags in demand.