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The rupee closed below 72 per dollar for the first time in nine months at 72.02, the weakest close since November 2018, after a flash crash in global currencies following the weekend escalation in the US-China trade dispute. Equities rose on stimulus measures and officials on both sides signaled willingness to negotiate.
Currency volatility tied to the trade war raises import costs for Indian buyers of feed ingredients and can shift global dollar-denominated commodity flows, though the moves were partly reversed by de-escalation signals.
thehindu.comPTIAug 26, 2019Not 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.
