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Most Asian currencies fell as traders reduced bets on Fed rate cuts ahead of a key US jobs report. The won led losses, dropping to a near three-week low, while the dollar index held steady at 103.63.
Reduced Fed easing bets support the dollar and pressure Asian currencies, raising local costs for dollar-priced feed ingredients.
brecorder.comReutersDec 5, 2023Not enough comparable past events yet for a historical read.
After 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.
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.
