
Most Asian currencies weakened on Thursday as the US dollar extended gains on expectations of Federal Reserve rate hikes. The won and yuan were the only currencies to strengthen, while the Philippine peso showed the sharpest decline.
A stronger dollar and weaker Asian currencies raise the local cost of dollar-priced feed imports, which can dampen import demand in those markets.
After 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.
Not 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.