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Most Asian currencies weakened as elevated oil prices and rising US Treasury yields eroded their rate advantage. Thailand's baht led the losses, falling as much as 0.8% to 33.635 per dollar, its weakest since late July.
The US rejected an Iranian peace proposal, keeping an October Fed hike in play.
A weaker baht raises the local cost of imported feed ingredients and energy, which squeezes Thai feed-mill margins. The dollar strength behind the move also supports US dollar-priced commodity import costs for emerging-market buyers.
brecorder.comReutersSep 28, 2026After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
