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Emerging market currencies fell against the dollar as investors sought safe-haven assets amid renewed coronavirus curbs in Europe and the UK. The South African rand dropped about 1%, and the Turkish lira hit a record low at 7.68.
A stronger dollar and weaker emerging currencies make dollar-denominated feed ingredients more expensive for importers in those markets, while pressuring US export competitiveness is limited.
financialpost.comReutersSep 23, 2020After 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.
Not 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.
