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The rand fell mid-week as US Treasury yields climbed above 3%, pressuring emerging-market currencies broadly. Analysts warn of further losses, citing a dollar near four-month highs and concerns over US bond supply and Fed rate hikes.
A stronger dollar driven by rising US yields makes dollar-priced commodities cheaper for non-US buyers and raises import costs in emerging markets, a mild bearish signal for dollar-denominated feed prices.
poundsterlinglive.comJames SkinnerApr 25, 2018Not enough comparable past events yet for a historical read.
After 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.
