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Asian currencies are rallying against the US dollar, with the Thai baht at its lowest USD/THB level since November 2013 after comments from US Treasury Secretary Mnuchin. Malaysia's ringgit is also strengthening on growth prospects and inflation, and South Korea has already intervened in its market.
Persistent dollar weakness raises the cost of Asian export goods and may slow regional growth, while a weaker dollar generally supports dollar-priced commodities such as grains and oilseeds.
investinglive.comJan 25, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 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.
Not enough comparable past events yet for a historical read.
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.
