What does the surge in commodities mean?
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Goldman Sachs' Privorotsky believes: "...this either signals a comprehensive depreciation of the dollar or indicates a rapid recovery of the global economy." Chart 1 shows the comparison between the commodity index and the U.S. 5-year Treasury yield. Chart 2 shows the comparison between the commodity index and the dollar index (DXY). Since April, the dollar has shown a flat trend, while the commodity index has risen significantly
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