Weekly Fundamentals - Soft Greenback, Driven by uneventful Fed and BOJ, Pushed Commodities Higher

Commodities rose across the board last week as US dollar plunged against major currencies. The USD index tumbled to as low as 93, a level not seen since August 15, last Friday. The Fed kept its powder dry in April and the conviction of a rate hike in June has not strengthened after the meeting. <div class="feedflare"><a href="http://feeds.feedburner.com/~ff/OngFocus?a=uqAmofGYjjc:H-J_HsqL_Lg:yIl2AUoC8zA"><img border="0" src="http://feeds.feedburner.com/~ff/OngFocus?d=yIl2AUoC8zA" /></a> <a href="http://feeds.feedburner.com/~ff/OngFocus?a=uqAmofGYjjc:H-J_HsqL_Lg:V_sGLiPBpWU"><img border="0" src="http://feeds.feedburner.com/~ff/OngFocus?i=uqAmofGYjjc:H-J_HsqL_Lg:V_sGLiPBpWU" /></a> <a href="http://feeds.feedburner.com/~ff/OngFocus?a=uqAmofGYjjc:H-J_HsqL_Lg:F7zBnMyn0Lo"><img border="0" src="http://feeds.feedburner.com/~ff/OngFocus?i=uqAmofGYjjc:H-J_HsqL_Lg:F7zBnMyn0Lo" /></a> <a href="http://feeds.feedburner.com/~ff/OngFocus?a=uqAmofGYjjc:H-J_HsqL_Lg:qj6IDK7rITs"><img border="0" src="http://feeds.feedburner.com/~ff/OngFocus?d=qj6IDK7rITs" /></a> <a href="http://feeds.feedburner.com/~ff/OngFocus?a=uqAmofGYjjc:H-J_HsqL_Lg:l6gmwiTKsz0"><img border="0" src="http://feeds.feedburner.com/~ff/OngFocus?d=l6gmwiTKsz0" /></a> <a href="http://feeds.feedburner.com/~ff/OngFocus?a=uqAmofGYjjc:H-J_HsqL_Lg:gIN9vFwOqvQ"><img border="0" src="http://feeds.feedburner.com/~ff/OngFocus?i=uqAmofGYjjc:H-J_HsqL_Lg:gIN9vFwOqvQ" /></a></div> <img alt="" height="1" src="http://feeds.feedburner.com/~r/OngFocus/~4/uqAmofGYjjc" width="1" /><br /> <br /> from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/weekly-fundamentals-soft-greenback-driven-by-uneventful-fed-and-boj-pushed-commodities-higher-2016050132812/

Weekly Fundamentals - Soft Greenback, Driven by uneventful Fed and BOJ, Pushed Commodities Higher

Commodities rose across the board last week as US dollar plunged against major currencies. The USD index tumbled to as low as 93, a level no...

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