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The baht fell to its lowest since October 2020 and the Philippine peso hit two-and-a-half-month lows as the dollar strengthened across emerging markets. Indonesia reported its highest daily Covid cases since January and tightened mobility restrictions in red zones for two weeks.
This is a macro FX sell-off driven by the Fed's hawkish signal and pandemic restrictions, with no direct effect on feed grain or meal prices.
financialpost.comReutersJun 21, 2021Not 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.
