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Commodities have a close relationship with the dollar; most commodities tend to be priced in dollars so they are sensitive to changes in the value of the greenback. Commodities also tend to be correlated with risky assets; however, they haven't followed equities higher since the start of the year. As a firm believer that you can't look at one market (say FX) in isolation, I will try to explain in as simple terms as possible what commodity prices may be telling us and the impact this could have on the broader market.
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