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Sterling edged lower against the dollar and euro after BoE Governor Andrew Bailey told parliament inflation risks are clear but markets should not get carried away with the scale of future rate hikes. Sterling fell below $1.36 later in the day after BoE speeches.
Currency moves like this are a macro input for feed buyers because a firmer dollar tends to pressure US commodity export competitiveness and dollar-denominated feed prices, though the effect here is small.
euronews.comFeb 24, 2022After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% 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.
