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A South China Morning Post commentary argues that an intensifying US-China trade war, combined with Federal Reserve rate tightening, could pressure Asian currencies such as the Korean won and Australian dollar. It notes that China's former central bank governor estimated the trade war's economic impact at under half a percent.
The piece is analysis of possible market scenarios rather than a new event.
Weaker Asian currencies raise the local-currency cost of imported feed grains and meal, which can dampen buying from importers in the region. The outlook depends on whether the trade dispute escalates or is resolved.
scmp.comNeal KimberleySep 18, 2018Not 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.
