# Asian currencies rise on less hawkish Fed, Thai baht and Indian rupee top gainers | Reuters

> Asian currencies rose on May 5, 2022, led by the Thai baht and Indian rupee, after the Federal Reserve raised rates by 50 basis points and sounded less hawkish on future hikes. The Reserve Bank of India had hiked rates 40 basis points the previous day, and Thai April inflation came in below forecasts.

- Date: 2022-05-05 · published 2022-05-05T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/10990-asian-currencies-rise-on-less-hawkish-fed-thai-baht-and-indian-rupee-top
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

A softer dollar eases import costs for Asian feed buyers and supports their purchasing power for grains and meals. The move is a short-term currency swing and has limited direct price impact on feed commodities.

## Read by commodity

- DXY: bearish ▼
- USDINR: bearish ▼
- USDTHB: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-03-13 | [Thai baht climbs as Asian currencies gain on weak US dollar](https://feedsoft.ai/events/37133-thai-baht-climbs-as-asian-currencies-gain-on-weak-us-dollar.md) | +0.3% | -1.6% |
| DXY | 2024-08-08 | [Fed easing bets, carry trade unwind turn analysts bullish on Asian currencies \| Reuters](https://feedsoft.ai/events/29076-fed-easing-bets-carry-trade-unwind-turn-analysts-bullish-on-asian-currencies.md) | -0.9% | -0.9% |
| DXY | 2021-06-23 | [Asian currencies gain as Fed reassures on rates; Thai cbank in focus \| Financial Post](https://feedsoft.ai/events/46859-asian-currencies-gain-as-fed-reassures-on-rates-thai-cbank-in-focus-financial.md) | -0.6% | +0.4% |
| DXY | 2019-04-29 | [Asian Currencies: Thai Baht, Singapore Dollar, Turkish Lira, Indonesian Rupiah In Review](https://feedsoft.ai/events/59826-asian-currencies-thai-baht-singapore-dollar-turkish-lira-indonesian-rupiah-in.md) | -0.2% | +0.5% |
| DXY | 2021-08-30 | [Asian shares rise on dovish Fed chair, oil up as hurricane batters Louisiana \| Reuters](https://feedsoft.ai/events/45753-asian-shares-rise-on-dovish-fed-chair-oil-up-as-hurricane-batters-louisiana.md) | -0.7% | +0.4% |

## Sources

- reuters.com: https://www.reuters.com/article/markets/us/asian-currencies-rise-on-less-hawkish-fed-thai-baht-and-indian-rupee-top-gainer-idUSL3N2WX11A/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.