# The Impact of the Strong U.S. Dollar on Asian Currencies

> Most Asian currencies fell after strong US retail sales lifted the dollar, with the yen weakening past 151 per dollar and the ringgit sliding 0.8%. The Australian dollar was among the worst performers after a mixed labour report.

- Date: 2023-11-16 · published 2023-11-16T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/12030-the-impact-of-the-strong-u-s-dollar-on-asian-currencies
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar raises the local-currency cost of dollar-priced imports across Asia, which can weigh on buying power for feed commodities in the region.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-04-22 | [The dollar is too strong for U.S. companies](https://feedsoft.ai/events/59765-the-dollar-is-too-strong-for-u-s-companies.md) | +0.7% | +1.5% |
| DXY | 2024-04-29 | [A Strong U.S. Dollar Weighs on the World](https://feedsoft.ai/events/30905-a-strong-u-s-dollar-weighs-on-the-world.md) | -0.7% | -1.1% |
| DXY | 2022-04-01 | [Strong Dollar's Impact on Grain Exports](https://feedsoft.ai/events/42202-strong-dollar-s-impact-on-grain-exports.md) | +1.0% | +4.2% |
| DXY | 2022-07-29 | [The strengthening of the U.S. dollar against the Latin American currencies - Latinoamérica 21](https://feedsoft.ai/events/40785-the-strengthening-of-the-u-s-dollar-against-the-latin-american-currencies.md) | -0.2% | +0.8% |
| DXY | 2021-12-09 | [Strong dollar weighs on Latin American currencies \| Financial Post](https://feedsoft.ai/events/43821-strong-dollar-weighs-on-latin-american-currencies-financial-post.md) | +0.8% | -0.3% |

## Sources

- financebrokerage.com: https://www.financebrokerage.com/the-impact-of-the-strong-u-s-dollar-on-asian-currencies/

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