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Analysts advised Indian importers to hedge near-term foreign currency payments because the U.S. dollar is projected to strengthen against most Asian currencies in July-September. BofA expects Fed quarter-point hikes in July and November, and Powell said two more hikes were likely.
A stronger dollar raises the rupee cost of dollar-priced feed imports such as soymeal, corn and fishmeal, which pressures Indian feed costs and import margins.
business-standard.comReutersJun 30, 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.
