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The Malaysian ringgit and Thai baht led losses among emerging Asian currencies as a strong dollar and recession worries weighed. The ringgit hit its weakest since March 2017 and the Indian rupee set record lows.
Weaker ringgit and baht raise palm oil and feed import costs for Asian buyers, and a firm dollar tends to pressure dollar-denominated grain prices.
financialpost.comReutersJul 19, 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.
