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Investors cut long positions across Asian currencies after a hawkish shift in the Fed's tone lifted the dollar, which posted its biggest monthly gain since November 2016 in June. Bearish bets on the rupiah, rupee and ringgit increased as virus variants kept several countries under strict curbs.
A stronger dollar and renewed Asian virus restrictions raise local-currency costs for feed importers in the region and can dampen regional demand for commodities.
brecorder.comReutersJul 1, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
