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A Reuters commentary compares the current dollar surge and emerging-market turmoil with the 1998 Greenspan warning. It attributes the stress to tighter global financial conditions from rising US rates and a stronger dollar.
A persistently strong dollar and EM stress tend to depress dollar-denominated commodity prices and reduce importer demand for feed ingredients.
reuters.comJamie McGeeverAug 15, 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.
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.
