David and Eoin, do you think the Fed announcement will change the trajectory for the USD (DXY) heading into year end? and in turn potential provide some strength to the commodities?

David Fuller's view

That is an interesting question.  My view is that DXY will continue to range with the help of the Fed announcement – maintaining a neutral environment - but eventually move higher in anticipation of rate increases.  A stronger DXY will reintroduce a headwind for industrial commodities, although that may be offset by reduced supply for some commodities and somewhat higher demand as/when the global economy next strengthens.