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Asian currencies fell after strong US services data and Fed chair Powell's comments that moving beyond neutral rates was possible lifted the dollar. The Indian rupee hit a record low near 73.81 per dollar and the Indonesian rupiah weakened to its lowest in over 20 years.
Weaker Asian currencies raise the local-currency cost of imported feed ingredients and can curb buying by importers facing currency stress. This is a meaningful macro driver for feed import costs in the region.
business-standard.comReutersOct 4, 2018Not enough comparable past events yet for a historical read.
Not 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.
