Strong Dollar Fuels Pullback in Commodity Markets

The rise in commodity prices is facing stiff resistance from the upside in the US Dollar.

Oil, metals and prices Agricultural products have fallen since early June Following the shooting in the wake of Russia’s invasion of Ukraine. In part, the recent decline reflects investor fears that demand is waning. recession is near, But this is also because most goods are priced in dollars. This means that a rallying dollar makes them more expensive for buyers around the world and pulls on demand.