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Asian currencies rose on May 5, 2022, led by the Thai baht and Indian rupee, after the Federal Reserve raised rates by 50 basis points and sounded less hawkish on future hikes. The Reserve Bank of India had hiked rates 40 basis points the previous day, and Thai April inflation came in below forecasts.
A softer dollar eases import costs for Asian feed buyers and supports their purchasing power for grains and meals. The move is a short-term currency swing and has limited direct price impact on feed commodities.
reuters.comTejaswi MarthiMay 5, 2022After 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.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
