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The dollar rose to near a 14-year high before pulling back, hitting records against several major currencies. The yen fell to an eight-month low, the yuan to an eight-and-a-half-year low, and the Turkish lira and Indian rupee hit new lows as emerging-market pressure built.
Weaker emerging-market currencies such as the yuan and rupee raise the local cost of imported feed and can dampen demand for US and Brazilian soybeans, corn and meal.
timesofmalta.comNov 25, 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.
After 398 past bullish macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (56% higher; middle half -0.3% to +0.5%), and +0.0% over 20.
Not enough comparable past events yet for a historical read.
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.
