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The pound fell for a second straight day against a stronger dollar on March 30, as a spike in US Treasury yields pushed the dollar to a one-year high. Accelerating US vaccinations and expected US stimulus fed inflation expectations, while safe-haven demand grew after the collapse of Archegos Capital.
Sterling was down 0.3% at $1.372 and euro-sterling briefly fell to 85.12 pence.
A firmer dollar lowers the dollar value of dollar-priced grains and feed ingredients for non-US buyers, while higher US yields tighten financial conditions. Price effects on feed markets are small.
brecorder.comReutersMar 31, 2021Not enough comparable past events yet for a historical read.
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.
