It has been a quiet start to 2017 in commodity markets. Investors appear to be taking a wait-and-see approach, ahead of the inauguration of President-elect Trump and more clarity on his policy objectives. After weakening earlier in the week, the US dollar appreciated following the release of the US employment report on Friday. Although non-farm payrolls were somewhat lower-than-expected, markets focussed instead on signs of rising wage inflation.
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