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The euro hit a one-month low of $1.1077 on January 22, 2020 ahead of the ECB meeting, while the yuan dipped and the Australian dollar fell to a six-week low on coronavirus fears for China. Positive ZEW and Citigroup business surveys were noted but not yet reflected in activity.
A weaker yuan and Australian dollar on China growth worries can signal softer Chinese import demand for feed ingredients. The euro move is mainly currency-driven with limited direct grain price effect.
thehindubusinessline.comReutersJan 22, 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.
