Weekly Fundamentals – Commodities Weakened on QE Reduction Speculations

Commodity prices slipped across the board, amid speculations that the Fed would taper QE measures by the end of the year as recent US economic data showed improvement. During the week, the BOJ minutes for the April meeting suggested that while policymakers generally agree asset purchases should continue until the inflation target of 2% is reached, some of them were concerned that the target might not be achieved. The central bank also raised the economic outlook.

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Weekly Fundamentals – Commodities Weakened on QE Reduction Speculations