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Thai export stocks have risen as the baht depreciated rapidly against the dollar, with analysts warning the currency could slide further. Markets expect the Federal Reserve to keep raising rates, with a 52% chance of a move to 5.50% by June.
A stronger dollar on expected Fed tightening puts pressure on dollar-priced commodities and emerging-market currencies, which can weigh on feed grain and meal prices.
inkl.comFeb 16, 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.
