Commodity Rally Puts Focus on Key Correlations to Watch

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(Bloomberg) — The rally in commodity prices is bolstering the outlook for emerging-market currencies but the backdrop it provides for stocks is more nuanced due to the risks from higher inflation, strategists said.
The Bloomberg Commodity Spot Index is at the highest level since 2012 and more gains are expected as the world pulls out of the pandemic. The trend is a big help for some emerging-market currencies, Bloomberg Intelligences Gaurav Patankar said. Societe Generale SA said the climb signals…

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