The commodity complex has suffered this week with a double cocktail of the hawkish FOMC meeting and reports that China is preparing measures to ease price pressures in industrial metals. With such overt intervention in commodity markets, CAD, AUD and NZD have performed poorly compared to the euro and sterling. While all the focus is on the US and “king dollar” regaining some of its lustre, policy normalisation will be a long process with other central banks ahead of the Fed in the queue. Meanwhile, there are some enticing set-ups in the commodity-dollar crosses worth watching. AUD/NZD bull trend in tact This week’s ... (full story)