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The South Korean won and Philippine peso rose modestly on October 13, 2021, as the U.S. dollar eased slightly from near one-year highs. Markets were awaiting U.S. September inflation data, with core inflation expected near 4% year on year.
A firmer dollar tends to make dollar-priced feed imports more expensive for Asian buyers, while the dollar's easing gives some relief. Expectations of Fed tapering keep the dollar supported, so the currency backdrop for feed costs stays volatile.
financialpost.comReutersOct 13, 2021After 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.
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.
