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The rupee rose to a two-week high of 70.94 against the dollar on hopes of a partial US-China trade deal next month. Analysts said the risk-on sentiment supported emerging currencies, and Brexit uncertainty kept sterling volatile.
Expectations of a US-China deal support risk appetite and emerging-market currencies, and a deal would support US farm export demand, which matters for feed ingredient prices.
business-standard.comBusiness StandardOct 22, 2019Not enough comparable past events yet for a historical read.
After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% 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.
