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A Reuters poll showed investors turned bearish on the Thai baht for the first time in two months, with short positions at their highest since April. Bullish bets on most other emerging Asian currencies were scaled back as the dollar neared two-month highs.
Positioning shifts and a firmer dollar tilt emerging Asian currencies lower, which can affect import costs for feed buyers in the region.
wtvbam.comSyndicated ContentOct 1, 2020Not 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.
