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Emerging-market currencies sold off on fears of a trade war and a strong US dollar, with the Turkish lira, Argentine peso, rupiah, rand and ringgit all weakening. Indonesia is planning import tax increases on 1,147 goods to support the rupiah.
Broad emerging-market currency weakness raises import costs in those economies and can reduce demand for feed imports. Indonesia's import tax plan could also disrupt trade flows for agricultural goods.
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.