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Sterling failed to break above six-week highs against the dollar, dipping to near 1.1550 on Monday after rallying above 1.1600 the previous Friday. Analysts said the dollar's roughly 4.5% monthly correction may have ended, and that the Fed is unlikely to pivot soon.
Currency moves of this size change the relative competitiveness of US grain and oilseed exports, which can shift feed commodity prices.
exchangerates.org.ukTim ClaytonOct 31, 2022Not enough comparable past events yet for a historical read.
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.
