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The Thai baht fell 1.6% to 33.525 per dollar, on track for its worst session since September 1999, as strong US jobs data lifted the dollar across Asian currencies. Analysts said the Fed could keep rates higher for longer.
A sharp dollar rally driven by Fed expectations tends to weigh on commodity prices quoted in dollars and can pressure Asian feed import demand.
kitco.comFeb 6, 2023After 2,356 past bullish macro events, DXY 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.
