Loading…
Latam markets showed a risk-off tone with the dollar strengthening against major currencies and the Mexican peso down about 0.9%. Peru reported November GDP growth of 0.3%, and Middle East and Red Sea risks were highlighted as threats to inflation.
A stronger dollar and risk-off moves in regional currencies are a macro backdrop that can affect the cost of imported feed inputs, but the piece has no direct commodity supply news.
scotiabank.comJan 16, 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.
