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The strong US dollar, under hawkish Fed chairman Jerome Powell, is expected to keep rising rates into 2019. Higher US rates tend to pull foreign funds out of emerging markets and pressure local currencies.
Emerging-market currency weakness raises import costs for feed buyers in those countries and can curb their purchases of US feed grains and meals.
theguardian.comMartin FarrerOct 4, 2018After 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.
After 301 past bullish macro events, Brazilian Real (BRL per USD) moved a median +0.4% over 5 sessions (57% higher; middle half -1.2% to +1.7%), and +1.0% 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.
