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Asian currencies were little changed against the dollar on August 30 while regional stocks rose after weak US job openings data boosted bets that the Federal Reserve would pause rate hikes. Chinese state banks were also expected to cut mortgage rates to support the property sector.
A softer dollar outlook from Fed pause bets tends to support emerging-market currencies and commodity import demand, but the impact on feed prices in this market wrap is marginal.
brecorder.comReutersAug 30, 2023After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
