A strong dollar makes greenback - denominated oil more expensive for
holders of other currencies.
Shanghai aluminum, nickel and lead crept higher, but copper gave up early gains to trade slightly lower as the dollar hit a four - month high, making the metal more expensive for
holders of other currencies, and...
A strong dollar makes greenback - denominated oil more expensive to
holders of other currencies.
Shanghai aluminum, nickel and lead crept higher, but copper gave up early gains to trade slightly lower as the dollar hit a four - month high, making the metal more expensive for
holders of other currencies, and zinc slipped.
A stronger dollar makes greenback - denominated commodities more expensive for
holders of other currencies.
A strong U.S. dollar, which makes oil more expensive to
holders of other currencies, also weighed.
A weaker dollar is beneficial to oil and other dollar - denominated commodities, as it makes them cheaper to
holders of other currencies, broadening their investment appeal.