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Asian emerging market currencies rallied after President Trump criticized the Federal Reserve over interest rate hikes and said the Fed should help during trade negotiations. The Thai baht gained the most, touching a two-month high.
A weaker dollar on Fed-criticism headlines supports dollar-priced commodities modestly, while Asian currency moves affect regional import costs for feed buyers.
kaohoon.comConglinAug 21, 2018After 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.
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.
