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The Indian rupee strengthened to its highest in about two and a half months after Fed Chair Powell signaled a slower pace of asset purchase tapering and no exact timeline. The dollar traded near multi-week lows as traders awaited US jobs data.
A firmer rupee and weaker dollar lower the local-currency cost of imported feed ingredients for India, a modest easing of import costs, though the link to feed prices is indirect.
hindustantimes.comReutersAug 30, 2021Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
