Loading…
A DailyFX weekly outlook says the US dollar finished higher last week, while the Philippine central bank intervened to support the peso. The Indonesian rupiah was supported by weaker US GDP data and new Bank of Indonesia measures to attract foreign investors.
The piece flags upcoming Fed, BoE and euro-area CPI releases and the risk of US auto tariffs.
A stronger dollar makes dollar-priced feed commodities more expensive for Southeast Asian buyers and can dampen demand. Currency moves in the region also affect import affordability for feed ingredients.
nasdaq.comDailyFXJul 29, 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.
