
Emerging Asian currencies declined after the Federal Reserve's first rate hike in more than three years and a hawkish tone pushed the US dollar to a seven-week high. The ringgit, rupiah and won fell, and regional equities were muted.
A stronger dollar and weaker Asian currencies can lift the local-currency cost of imported feed grains and meal, while easing export-linked margins. The effect on prices is modest and driven by rate expectations.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.