(Bloomberg) -- The latest steep selloff in commodities markets is a buying opportunity, according to Jeff Currie at Goldman Sachs Group Inc., one of the sector’s biggest bulls.The Bloomberg Commodity Spot Index slumped 3.6% Thursday for its biggest one-day drop in almost 14 months, with soybeans and platinum giving up their gains for the year. The complex has been hit by several bearish factors: the Federal Reserve’s signals on potential interest-rate increases, plus a stronger dollar, Chinese e
The loonie was trading 0.5% lower at 1.2422 to the greenback, or 80.50 U.S. cents, after earlier touching its weakest level since April 26 at 1.2480. "We have seen some pretty material short-dollar positions in the market and we have seen traders rushing in to cover those shorts," said Andrew Cherry, head of global markets, HSBC Bank Canada.
* Peru's sol near record low * Mexican, Chilean pesos worst weekly performers * Brazil's real sole weekly gainer (Recasts with Chilean peso, updates prices) By Susan Mathew and Ambar Warrick June 18 (Reuters) - Chile's peso slipped to its lowest level this year, while Mexico's currency hit a 13-week low as hawkish comments from a Federal Reserve official pushed up the dollar and hit commodity markets. The Chilean peso slumped 1.4%, leading losses across Latin America as copper prices headed for their worst week since March 2020.