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Most Asian currencies rose on Tuesday against a weaker dollar after Trump's temporary ban on entry of refugees and citizens of seven Muslim-majority countries stirred worries about his policy priorities. The Thai baht touched its highest since Nov.
10 at about 35.16 per dollar, helped by month-end exporter dollar-selling. Onshore trading in the Chinese yuan and Taiwan dollar was closed for Lunar New Year.
A softer dollar and firmer Asian currencies can make US-priced feed commodities relatively more expensive for local importers, while doubts over Trump's policy agenda add volatility to currency-linked commodity pricing.
reuters.comJan 31, 2017After 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.
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.
