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Emerging Asian currencies and equities weakened as US Treasury yields rose and the dollar strengthened ahead of key US inflation data. The won fell more than 1% to 1,379.4 per dollar, and the rupiah and peso also slipped.
The Thai baht is down 7.5% year to date.
Weaker Asian currencies raise the local cost of imported feed ingredients, which can dampen buying in import-dependent markets. Feed price effects are modest and mostly indirect.
finimize.comFinimize NewsroomMay 30, 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.
