The value of the U.S. dollar remains strong. At the same time, the Brazilian currency remains weak. “It is a double-edged sword,” said Kristi Van Ahn, Van Ahn and Associates. “It is making that foreign product that much cheaper and if we have supply chain issues our product is not available and there’s a much cheaper option.” Innovus Agra owner Brett Oelke says the dollar has been interesting to watch. “We’ve seen increases in commodity prices as the dollar has come up and that doesn’t typically happen.” Oelke says that will eventually change as markets rebalance. Investors typically trade emerging markets and commodities in tandem. Global Analytics and Consulting President Mike Zuzolo believes that may change. “I think they’ll be a lot more particular this time around as long as the dollar keeps going higher and I think they’ll stay energy-centric.” Van Ahn, Oelke and Zuzulo were featured in the RRFN market outlook forum on Wednesday.
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