Commodities Rally Hinges On Euro Breakout

  


Euro Chart.

Euro Chart.

Over the past year, there has been a lot of buzz about rising , the surge in (), the strength of , and the comeback in commodities like and corn.

But what about the ?

It’s just as important and it is a big reason why several of the assets above are rising.

As many of you know, the currency markets have a huge effect on equities and commodities. When the euro is strong, it’s nearly a foregone conclusion that the U.S. dollar is weak. And this provides a tailwind to commodities – and a bid to equities. And that has been a reality in the markets for much of the past year.

 

So will this theme continue into 2021 and beyond?

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