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The IMF says the Fed's December 2016 rate hike is a sign of US recovery and that the post-election jump in long-term yields and the dollar may signal a new trend. It warns that emerging markets face mixed effects from a weaker currency and rising borrowing costs.
A stronger dollar and higher US rates could raise debt-service costs for emerging-market feed importers and weigh on their currencies, affecting demand for imported feed ingredients.
imf.orgMaurice ObstfeldDec 20, 2016After 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.
