Commodities track dollar movements

Commodity markets swung between losses and gains this week, mirroring the performance of the dollar. The US currency, which at the start of the week was pushing the euro towards parity, began to fall after the Federal Reserve dropped its pledge to remain "patient" on raising US interest rates. Additionally this week, a cautious Federal Reserve marked down its growth forecast for this year by 0.3 percentage point to 2.3-2.7 percent after noting that US economic growth had "moderate