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A Reuters fortnightly poll found investors raised short bets on most Asian emerging currencies. Long positions on the Singapore dollar, Taiwan dollar and Indian rupee were reversed.
Expectations of U.S. rate hikes, rising inflation and slowing global growth boosted the dollar.
A stronger dollar and weaker rupee raise the cost of dollar-priced grain and meal imports for India and other Asian feed buyers. Expect that pressure to persist while U.S. rate expectations stay high.
reuters.comAnushka TrivediOct 7, 2021Not 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.
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.
