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A DBS Group Research report says trade-war escalation is weakening regional currencies across Asia, with the Thai baht the exception thanks to inflows into Thai bonds seen as a safe haven. The report notes the US dollar index is up 6.5% since the start of last year, and that US PMI fell to a 36-month low.
Weaker Asian currencies raise the local-currency cost of dollar-priced grain and meal imports, which can dampen buying in those markets. The broader trade-war slowdown also weighs on commodity demand.
nationthailand.comMay 26, 2019After 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.
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.
