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Southeast Asian currencies have weakened as the US dollar extended its run since mid-July, the longest in nearly a decade. The 10-year Treasury yield breached 5% on October 23 for the first time since 2007, and the dollar index is up about 5% since July.
The baht is among the region's biggest decliners, down 5.8% since the start of 2023.
Sustained dollar strength keeps regional import costs for feed ingredients elevated and reduces buying power in Southeast Asian feed markets.
businesstimes.com.sgZhao Yifan, Goh RuoxueOct 29, 2023After 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.
