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ANZ Bank expects the US dollar index to peak at 115 in the first half of 2023, from about 113.4 currently. Asian currencies have fallen sharply, with the yen down more than 25%, and the rupiah has recovered only slightly to 15,240 per dollar.
A further dollar rise would extend pressure on emerging-market currencies and raise the local cost of imported grain and meal. Forecasts of further strength point to continued import cost pressure.
cnbcindonesia.comPutu Agus PransuamitraSep 29, 2022After 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.
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.
