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The Korean won and Thai baht fell after a hotter-than-expected US inflation print boosted the dollar. The won recorded its biggest one-day drop since June and the baht hit a multi-week low against the greenback.
A stronger dollar on US inflation raises Asian import costs for feed and can pressure Asian feed demand, a modestly bearish influence on dollar-priced grain and meal.
bloomberg.comBen Steverman and Paulina CacheroOct 1, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 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.
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.
