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The pound fell to a more-than-30-year low against the dollar as results showed the UK was on course to leave the EU, with a session low of $1.3224. The yen surged as a safe haven, and the currency moved sharply on each batch of constituency results.
Sterling's collapse and the yen's surge shift relative import costs for UK and Japanese feed buyers and push the dollar higher against major currencies. The volatility adds uncertainty to dollar-priced feed ingredients.
cnbc.comLeslie Shaffer, Fred ImbertJun 24, 2016Not enough comparable past events yet for a historical read.
Not 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.
