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Most Asian currencies have declined sharply so far this year. The Philippine peso, Thai baht and Taiwan dollar have each lost more than 5%, while the Malaysian ringgit and Singapore dollar are down over 2%.
Broad Asian currency weakness against a strong dollar raises import costs for feed buyers across the region.
brecorder.comReutersJun 22, 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.
