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Sterling edged higher on Thursday but traded near a 21-month low against a dollar that had hit multi-year peaks against the yen and euro. The pound briefly fell below $1.25 for the first time since July 2020.
A dollar near multi-year highs keeps dollar-priced feed imports expensive for UK and European buyers, a mild upward pressure on landed costs.
globalbankingandfinance.comWanda RichApr 28, 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.
