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Southeast Asian currencies, many of which fell sharply in 2022 as the Fed tightened, were closing the year considerably stronger against the dollar. Central banks in Indonesia and elsewhere raised rates and drew on reserves to defend their currencies.
Stronger regional currencies lower the local cost of imported feed ingredients, and expectations of a less aggressive Fed in 2023 support a firmer outlook for regional demand.
thediplomat.comJames GuildDec 28, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
