Commodity Markets Surge on Increased Demand for Risk

Commodity markets surged as traders sold the U.S. Dollar and used the proceeds to invest in higher risk assets. Commodity and equity futures were up across the board as selling pressure hit the Dollar from the opening today. Today’s rallies came as a surprise as many traders had anticipated a quiet trading session ahead of tomorrow’s FOMC meeting.

The U.S. Dollar plunged to a new low...