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Sterling fell to its lowest level against the dollar so far this year, briefly reaching $1.3359, after the Federal Reserve signaled it would probably raise rates in March. UK political risk also weighed as police opened an investigation into lockdown breaches at Downing Street.
A stronger dollar on Fed hike expectations tends to pressure dollar-priced commodities and can shift export competitiveness for US feed ingredients; the effect on feed prices is indirect.
globalbankingandfinance.commaria gbafJan 28, 2022Not 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.
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.
