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The dollar fell sharply after U.S. Treasury Secretary Steven Mnuchin's comments at Davos sparked concern about a weaker-dollar policy. The dollar moved into the 108 yen range at one point on Thursday in Tokyo trading.
A weaker dollar makes US commodity exports cheaper in global markets and tends to lift dollar-priced grain, meal and oilseed prices. Currency-driven moves can therefore shift feed ingredient costs for importers.
asia.nikkei.comTAKESHI KAWANAMI, Nikkei staff writerJan 25, 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.
After 151 past bullish macro events, Corn moved a median +0.2% over 5 sessions (57% higher; middle half -0.9% to +1.4%), and -0.3% over 20.
After 123 past bullish macro events, Soybeans moved a median +0.3% over 5 sessions (60% higher; middle half -1.0% to +1.8%), 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.
