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Asia-Pacific stocks and currencies fell after the Federal Reserve delivered a rate cut but signaled fewer cuts ahead, sparking a regional sell-off. The Japanese yen hit a one-month low and the Korean won neared its weakest level since 2009.
A stronger dollar and weaker Asian currencies raise import costs for Asian feed buyers and can soften commodity demand, a routine market reaction in this case.
cnbc.comAnniek BaoDec 18, 2024After 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.
