Loading…
The yen has become Wall Street's preferred safe-haven currency after banking crises in the US and Switzerland weakened the dollar and franc. Strategists expect the Federal Reserve to pivot away from higher-for-longer rates, which has squeezed bets against the yen.
A stronger yen on a weaker dollar lowers the yen cost of dollar-priced feed ingredients, but this is a currency-sentiment story with little direct effect on feed supply.
moneyweb.co.zaEva Szalay, Libby Cherry, BloombergMar 29, 2023Not 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.
