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Asian currencies began 2024 under pressure as traders scaled back bets on a March Fed rate cut, with the won falling about 2% in a week. Geopolitical risks in the Red Sea and weak China data added to dollar demand.
Broad dollar strength raises the local cost of dollar-priced grain and feed imports across Asia, which can support regional feed buyers' costs.
financefundsupdate.comMilyeJan 29, 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.
