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The baht fell to its lowest level since May 2020 on July 2 as rising coronavirus infections and new semi-lockdown measures weighed on the currency. The Indonesian rupiah also hit a 2.5-month low, pressured by a strong U.S. dollar.
Weaker Southeast Asian currencies raise the dollar cost of imported feed ingredients and can squeeze regional feed margins. Demand for animal protein may soften as lockdowns hit domestic consumption.
reuters.comSoumyajit SahaJul 2, 2021Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, DXY 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.
