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Commodity weekly: Weak US dollar driven rally
The commodity sector traded higher for a second week, thereby setting the sector on track for a second monthly gain and the best run in more than a year. On an individual level silver, crude oil, fuel products and copper were among the winners, and apart from Chinese policymakers repeating calls to support the world’s biggest commodity-consuming economy, the key driver this past week was undoubtedly the positive boost to risk sentiment that followed a lower than expected US inflation print for June. The data helped send the dollar and Treasury yields sharply lower after raising optimism that the US rate-hike cycle ... (full story)