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On March 27 the pound rose above its 2019 lows against the dollar and euro, and the dollar fell for a fifth straight day as overseas demand declined. The move followed a sharp rally in sterling that took the GBP/USD rate to about $1.22.
A weaker dollar generally supports dollar-denominated commodity prices, including grains and meals, though this currency-only move is a routine market development. The price impact on feed is modest.
exchangerates.org.ukFrançois AuréMar 27, 2020Not enough comparable past events yet for a historical read.
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.
