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The baht and other Asian currencies depreciated 5 to 8.5 percent, with the yen down 15.2 percent, to multi-year lows against the dollar. Rising Fed rates outpacing Asian central banks drove the moves, widening trade deficits for importers of oil and commodities.
Currency weakness raises import bills for Asian feed and energy buyers, and deficit pressure may limit how much grain and oilseed they can afford to buy.
kasikornresearch.comJul 7, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
