Month to date the market had seen the USD adding pressure to some countries, many commodities and some equity markets. This is on risk that many companies in Asia and LatAm are not ready to hedge. North American companies and European are more used to than others to understand the FX risk. They usually have
Industrials and materials pushed Wall Street lower. Treasury yields dipped and the dollar declined after weaker than expected factory data stoked concerns of a gradual rate hike. Oil fell on doubts over output freeze to counter supply glut and gold dropped. The massive short squeeze in copper, zinc, nickel and lead is over. Copper touches