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Asian currencies have recovered recently, easing pressure on central banks to tighten policy. The Indonesian rupiah has gained about 4.4% this month and the Philippine peso is up 1.8% month-to-date against the dollar.
Bank Indonesia, the Bangko Sentral ng Pilipinas and the Bank of Thailand are expected to hold rates next week.
A softer dollar and lower oil prices reduce currency and inflation pressure on Asian importers, which can ease the cost of dollar-priced feed ingredients. Stable currencies support import demand for feed commodities.
think.ing.comNov 8, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
