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The article notes the yen fell to a 24-year low against the dollar and the euro reached parity. It says most currencies, including the Colombian peso and Indian rupee, have lost value against the dollar.
Broad dollar strength raises import costs for emerging market feed buyers and reflects the global tightening that is pressuring commodity prices.
nytimes.comKarl Russell, Joe Rennison, Jason KaraianJul 16, 2022After 2,356 past bullish macro events, DXY 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.
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.
