Tag Archives: U.S. dollar
The U.S. Dollar’s Outperformance Makes Its Impact on Indices, Too
U.S. dollar strength has led to parity in EUR-USD exchange rates in recent days, with the value of the euro equaling 99 U.S. pennies at its low. While 114 U.S. pennies were still required to equal the British pound sterling, “cable”—the GBP-USD rate—has reached its lowest since 1985. In Asia, the Japanese yen has suffered…
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Commodities: Inflation, Interest Rates and the U.S. Dollar
After last week’s highest inflation print in over four decades, the U.S. dollar (USD) rose to its strongest level in 20 years, as measured against a broad basket of currencies. The euro also hit parity with the USD for the first time since 2002 as a consequence of Europe’s front-line exposure to the Russia-Ukraine conflict…
- Categories Commodities, Multi-Asset
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Assessing Gold’s Ascent
What’s driving demand for gold this year? S&P DJI’s Jim Wiederhold and CME Group’s Blu Putnam explore what’s pushing gold prices up and how investors are putting the precious metal to work in portfolios.
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Why the S&P 500 Reduces Portfolio Volatility for Indian Investors
Home bias has been a prominent theme in India since the beginning of the mutual fund industry. Investors historically questioned why they should diversify their high GDP growth portfolio (India) with lower growth economies such as the US. This hypothesis has been tested over the last decade. India has delivered a high GDP growth but…
Gold Breaks Out to a New All-Time High as the U.S. Dollar Drops
Despite the drop in volatility in many asset classes over the summer, some broke through key support and resistance levels. The S&P GSCI Gold (TR) was one of them, reaching a new all-time high of USD 1,056.83 on Aug. 6, 2020, eclipsing the previous high from the summer of 2011. The underlying gold futures had…
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Diwali Gold Buying May Be The Safest Since 1996
In light of the gold buying tradition for the upcoming Diwali festival in India, many might be wondering how valuable their gifts may be based on the price of gold. Several factors influence the price of gold that make timing gold as an investment difficult; however, now there might be upside potential for gold, especially since its…
- Categories Commodities, India
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- Commodities, India
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Metals Never Had An August This Hot
In August, the Dow Jones Commodity Index Total Return gained 0.7%, reducing its year-to-date loss to -1.4%, and the S&P GSCI Total Return lost 0.8%, increasing its year-to-date loss to -6.9%. Industrial metals and precious metals were the only positive sectors, up 8.6% and 4.0%, respectively, while agriculture was the worst performing sector, losing 7.4%,…
- Categories Commodities
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- Commodities
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Happy Valentine’s Day: Cocoa Hits Lowest Since 2008
If you buy a little extra chocolate this year for your Valentine, your wallet will be as happy as your sweetheart. The S&P GSCI Cocoa is at its lowest level (closing Feb. 10, 2017) since Nov. 13, 2008. It is down 31.3% since last year and is the single commodity with the biggest loss in…
- Categories Commodities
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- Commodities
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Industrial Metals On Pace For Worst Month In 4 Years
While most of the markets have calmed as investors wait for Brexit and the Fed rate decision, industrial metals are crashing. The S&P GSCI Industrial Metals Total Return is down 8.7% month-to date (through May 23, 2016,) and on pace to record its worst month since May 2012, when it lost 9.7%. At this rate, the…
- Categories Commodities
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Metals Don’t Reflect Chinese Demand Growth
After China reported year-over-year first-quarter growth that showed signs of improvement, it overpowered negative news of the Doha oil production meeting failure and sent commodities rallying. Investors’ attention quickly shifted from oil to the other economically sensitive sector, industrial metals. Many believe the uses for metals in construction and automobile manufacturing are the driving force behind the sector….
- Categories Commodities
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- Commodities
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