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A Reuters poll of over 50 FX strategists expects Asian currencies to hold roughly steady over the next year. The Fed announced it would begin shrinking its bond portfolio and signaled a possible December hike.
The Thai baht and Chinese yuan had gained strongly against the dollar year to date.
Expected US rate hikes limit further gains in Asian currencies, which affects the purchasing power of Asian feed importers. The forecast is for stability, so the price impact is small.
malaymail.comOct 6, 2017After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% 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.
