
Dollar funding costs in currency derivatives rose to their highest in nearly a year on Monday. Three-month euro-dollar cross-currency basis swaps widened to around minus 27 basis points, the widest since December 2020.
The move reflects a year-end dollar funding rush and the euro's steady decline against the greenback.
Tighter dollar funding and a firmer dollar tend to weigh on dollar-denominated commodity prices and can pressure import demand in emerging markets. For feed buyers, a stronger dollar lowers the local-currency cost of US feed ingredients for some buyers but tightens financing for others.
Setelah 2.356 peristiwa makro bullish sebelumnya, Dolar AS (Luas) bergerak median +0,2% selama 5 sesi (60% lebih tinggi; separuh tengah -0,3% sampai +0,7%), dan +0,4% selama 20 sesi.
Setelah 533 peristiwa makro bearish sebelumnya, Euro (USD per EUR) bergerak median -0,3% selama 5 sesi (33% lebih tinggi; separuh tengah -1,2% sampai +0,2%), dan -0,5% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.