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Most Southeast Asian currencies steadied ahead of the Federal Reserve's policy decision, while the won and baht rose to two-week highs in thin trading. Investors are looking to Chair Powell's press conference for signals on rate cut expectations.
A firmer baht and won reduce the local currency cost of dollar-priced feed imports in those markets. The effect on global feed prices is small.
brecorder.comReutersJan 30, 2024Not 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.
