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Global central banks are raising rates aggressively to fight inflation, with the Fed delivering a 75 basis point hike in July for a cumulative 150 basis points in June and July. The European Central Bank raised rates for the first time in 11 years, and emerging-market central banks have added 4,415 basis points year to date.
Tighter global monetary policy strengthens the dollar and raises financing costs, which tends to pressure emerging-market currencies and commodity prices and adds cost pressure to imported feed.
bizhub.vietnamnews.vnvietnamnews.vnAug 2, 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.
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.
