# Emerging Asian currencies trim losses after hawkish Fed propels dollar; shares muted | KLSE Screener

> Emerging Asian currencies declined after the Federal Reserve's first rate hike in more than three years and a hawkish tone pushed the US dollar to a seven-week high. The ringgit, rupiah and won fell, and regional equities were muted.

- Date: 2026-09-17 · published 2026-09-17T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/17726-emerging-asian-currencies-trim-losses-after-hawkish-fed-propels-dollar-shares
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A stronger dollar and weaker Asian currencies can lift the local-currency cost of imported feed grains and meal, while easing export-linked margins. The effect on prices is modest and driven by rate expectations.

## Read by commodity

- DXY: bullish ▲
- USDKRW: bullish ▲
- USDMYR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-06-29 | [Asian currencies edge lower as US dollar jumps on hawkish Fed](https://feedsoft.ai/events/35726-asian-currencies-edge-lower-as-us-dollar-jumps-on-hawkish-fed.md) | +0.4% | -1.2% |
| DXY | 2018-10-17 | [edges lower as dollar gains after hawkish Fed minutes](https://feedsoft.ai/events/62444-edges-lower-as-dollar-gains-after-hawkish-fed-minutes.md) | +1.1% | +2.3% |
| DXY | 2023-02-15 | [Most Asian Currencies Hit 1-Month Lows As Dollar Firms After U.S. CPI Data](https://feedsoft.ai/events/37602-most-asian-currencies-hit-1-month-lows-as-dollar-firms-after-u-s-cpi-data.md) | +0.8% | +1.8% |
| DXY | 2023-02-16 | [EM currencies muted as dollar rises, Colombia's peso falls again](https://feedsoft.ai/events/37627-em-currencies-muted-as-dollar-rises-colombia-s-peso-falls-again.md) | +0.5% | +1.1% |
| DXY | 2020-09-17 | [Asian Shares Drop, Dollar Rises On Fed Interest Rate Promise](https://feedsoft.ai/events/51285-asian-shares-drop-dollar-rises-on-fed-interest-rate-promise.md) | +1.6% | +0.6% |

## Sources

- klsescreener.com: https://www.klsescreener.com/v2/news/view/1793263/asian-forex-weakens-as-hawkish-fed-propels-dollar-shares-rise

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