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The Indonesian rupiah and Malaysian ringgit fell to multi-week lows as strong US data reduced expectations of Fed rate cuts and Trump's presidential odds lifted the dollar. The dollar was on track for its sharpest monthly gain in about 2.5 years.
A stronger dollar and weaker Asian currencies can squeeze importers' purchasing power and tend to weigh on dollar-priced grain and oilseed markets.
brecorder.comReutersOct 28, 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.
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.
