Dollar Weakness, China stimulus sending commodities higher

That combination is working to send strong money flows into the commodity sector this morning. Though the Dollar is still trading within its month long trading range, it is starting to look a bit heavy.
If tomorrow’s FOMC statement comes across as dovish once again, we could see some deeper losses in the Dollar. I think this is what is moving the market today as many traders are getting increasingly pessimistic that we are ever going to get this current Fed to sound the least bit hawkish. I have never seen such a timid group of people. (more)

Please share this article