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The dollar gained nearly 1% against the euro on Monday and reached its highest level since early August after weeks of declines. It rose against safe havens like the yen and Swiss franc as well as commodity-linked and emerging market currencies.
A broad dollar rebound from a risk-off unwind can pressure dollar-priced commodities and emerging market currencies, affecting import costs for feed buyers in those markets.
axios.comDion RabouinSep 22, 2020Not enough comparable past events yet for a historical read.
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.
It reports the dollar gaining nearly 1% on Monday, to its highest since early August, against the euro and risk currencies, which matches the size and timing of the move (published a day later).
