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The dollar rose 0.2% to 91.71 against a basket of rivals, on track for its best weekly gain since November 2016. A spike in US 10-year Treasury yields above 3% prompted investors to unwind short dollar bets, particularly against some emerging market currencies.
Higher US yields and a stronger dollar pressure dollar-denominated commodity prices and raise import costs for emerging-market feed buyers. Currency-driven demand shifts can weigh on feed grain and meal prices.
thehindubusinessline.comReutersApr 27, 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.
