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The Federal Reserve Board published its H.10 weekly foreign exchange rates release dated September 6, 2022, listing currency units per U.S. dollar for late August and early September. Rates shown include the Brazilian real near 5.17 to 5.22, the Chinese yuan near 6.89 to 6.91, and the Japanese yen near 138.7 to 140.0 per dollar.
A stronger dollar against the real, yuan and yen lowers the dollar cost of Brazilian and Chinese feed-ingredient purchases and can weigh on US export competitiveness, tending to pressure US corn and soybean meal prices.
federalreserve.govSep 6, 2022After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% over 20.
After 92 past neutral macro events, Brazilian Real (BRL per USD) moved a median +0.4% over 5 sessions (58% higher; middle half -0.7% to +1.4%), and +0.4% over 20.
After 169 past neutral macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (50% higher; middle half -0.3% to +0.2%), and -0.0% 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.
