Loading…
Sterling held near $1.236 on March 30 and was on track for its biggest monthly gain against the dollar since November, up nearly 3% in March. The move followed easing concern about the banking sector, which drew investor flows away from the dollar.
UK grocery inflation hit a record 17.5% in March, while headline inflation stayed above 10%.
A firmer pound and softer dollar can ease sterling-denominated costs for UK feed importers and tend to support dollar-priced grain and oilseed prices. The effect on feed prices is modest.
reuters.comMar 30, 2023Not enough comparable past events yet for a historical read.
After 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.
