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Commodity prices and the value of the US dollar (USD) have recently moved up and down in tandem which begs the question as to whether this reversal from the historical norm is temporary, or more permanent.
BIS report on USD
We highlight the following recent report by the Bank for...

 

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De-dollarization | Changing nexus in commodity prices?

A recent BIS paper looks at the change in correlation between commodity prices and the US dollar. We evaluate whether this shift in paradigm