Commodity prices Surge as Geopolitical Tension Rise
he market saw muted activity as both the U.S. and the U.K. observed public holidays in yesterday's session. The dollar index (DXY) edged lower, failing to hold above the 104.50 level. This decline comes as the market anticipates signs of cooling U.S. inflation ahead of the PCE reading due on Friday. Meanwhile, the U.S. Securities and Exchange Commission (SEC) announced a reduction in Wall Street settlement times, aiming to complete transactions in a single day.
2024-05-28