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Currency markets saw some of their most dramatic moves since the financial crisis as virus fears drove swings. The Japanese yen rose 5% against the dollar between the prior Thursday and Monday, its largest gain in that span.
Heightened forex volatility raises hedging costs and uncertainty for importers and exporters of feed commodities, but the article reports currency moves without a direct link to grain or meal supply.
reuters.comSaqib Iqbal AhmedMar 11, 2020Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
