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Commodity-linked currencies such as the Aussie dollar and Colombian peso came under pressure as fears of a global growth slowdown grew. The IMF and World Bank cut global growth forecasts by nearly a percentage point, and oil and metals prices fell, though Brent stayed above $100 a barrel.
Weaker global growth expectations reduce demand for energy and raw materials, which lowers input costs for feed producers while pulling down commodity prices.
cnbcafrica.comReutersApr 22, 2022
reuters.comSujata RaoApr 21, 2022Not enough comparable past events yet for a historical read.
After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% over 20.
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.
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.
