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The dollar rose 0.52% to 108.38 yen on March 31 as Japanese companies created fiscal year-end dollar demand. The Chinese yuan held firm after an official survey showed Chinese manufacturing returned to expansion in March.
The dollar was the quarter's biggest gainer against a basket of currencies.
Dollar funding strains and currency moves affect the cost of imported feed ingredients and the financing of trade in grain and meal. Currency swings of this size have only a modest direct effect on feed commodity prices.
financialpost.comReutersMar 31, 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.
