# Asian FX bears ease as U.S. rate cut bets solidify: Reuters poll

> A Reuters poll shows Asian currency bears easing as US rate cut bets firm up. Chinese consumer price inflation came in below expectations and producer price deflation persisted, pointing to weak demand in China, the largest trading partner for many emerging Asian economies.

- Date: 2024-07-11 · published 2024-07-11T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/12303-asian-fx-bears-ease-as-u-s-rate-cut-bets-solidify-reuters-poll
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Weak Chinese demand signals reduced import appetite for feed ingredients, a mildly bearish factor for soybeans and meal. A weaker US dollar from rate cut bets would support emerging-market currencies and could aid Asian import purchasing power.

## Read by commodity

- DXY: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-11-01 | [China to defend 7 yuan per dollar rate, but may find it tough: Reuters poll](https://feedsoft.ai/events/62264-china-to-defend-7-yuan-per-dollar-rate-but-may-find-it-tough-reuters-poll.md) | +3.4% | +5.8% |
| SOY | 2023-06-27 | [Brazil central bank minutes raise possibility of August rate cut \| Reuters](https://feedsoft.ai/events/35693-brazil-central-bank-minutes-raise-possibility-of-august-rate-cut-reuters.md) | +2.7% | -0.4% |
| SOY | 2019-05-03 | [U.S. dollar rises versus peers as FX traders reduce their bets on rate cuts, sterling falls as Bank of England keeps base rate unchanged, but voices fears over Brexit. \| Forex Trading Blog: News, Analysis & Trading Guides \| FXCC](https://feedsoft.ai/events/59330-u-s-dollar-rises-versus-peers-as-fx-traders-reduce-their-bets-on-rate-cuts.md) | -3.6% | +5.7% |
| SOY | 2020-03-05 | [Brazilian Real (BRL USD) Plunges to Record Low as Rate Cut Seen - Bloomberg](https://feedsoft.ai/events/9274-brazilian-real-brl-usd-plunges-to-record-low-as-rate-cut-seen-bloomberg.md) | -3.4% | -4.0% |
| SOY | 2022-12-15 | [U.S. soybean futures fall; corn, wheat firm with focus on economy \| Reuters](https://feedsoft.ai/events/5520-u-s-soybean-futures-fall-corn-wheat-firm-with-focus-on-economy-reuters.md) | -0.1% | +3.8% |
| DXY | 2025-11-26 | [Canadian dollar notches a six-day high as Fed rate cut bets climb \| Reuters](https://feedsoft.ai/events/22178-canadian-dollar-notches-a-six-day-high-as-fed-rate-cut-bets-climb-reuters.md) | -0.7% | -1.8% |
| DXY | 2026-02-04 | [U.S. dollar rebound to be cut short by rate cut bets, doubts over Fed independence: Reuters poll \| Reuters](https://feedsoft.ai/events/20836-u-s-dollar-rebound-to-be-cut-short-by-rate-cut-bets-doubts-over-fed.md) | -0.4% | +0.9% |
| DXY | 2017-08-25 | [Stocks rise, U.S. dollar eases as Yellen omits policy \| Reuters](https://feedsoft.ai/events/69365-stocks-rise-u-s-dollar-eases-as-yellen-omits-policy-reuters.md) | -0.3% | -0.9% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/asian-fx-bears-ease-us-rate-cut-bets-solidify-2024-07-11/

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