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The Thai baht fell to a six-week low of 33.80 per dollar as traders pared bets on aggressive US rate cuts and considered a second Trump presidency. Most Asian currencies traded in a narrow range, and the dollar index hovered near a July high.
A stronger dollar and weaker Asian currencies raise the cost of imported feed ingredients for Asian buyers and can pressure US grain and oilseed prices.
brecorder.comReutersOct 24, 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.
