FDC COMMODITY UPDATE – MARCH 12, 2019

Dear Subscriber,

The US trade deficit in 2018 is at a 10-year high of $621bn. Some contributing factors to this gap are the tariff wars and a possible overvalued US dollar.

A weakening of the dollar will reduce the purchasing power of oil exporting countries including Nigeria as well as many other dollar denominated commodities.

The attached slides address these and other issues in the domestic and global commodities market.

Enjoy your read!