# Thai Baht, Indonesian Rupiah Under Pressure as Fed Hike Odds Climb

> Market-implied odds of a Federal Reserve rate hike have risen to 54% for the September meeting from 31% a week earlier. The move is strengthening the US dollar and pressuring Asian currencies, including the baht and rupiah.

- Date: 2026-08-31 · published 2026-08-31T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/18172-thai-baht-indonesian-rupiah-under-pressure-as-fed-hike-odds-climb
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

A stronger dollar on higher hike odds makes dollar-priced feed imports more expensive for emerging-market buyers and can weigh on grain and oilseed demand from those markets.

## Read by commodity

- DXY: bullish ▲
- USDTHB: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-07-02 | [Thai baht, Indonesian rupiah at multi-month lows as virus curbs weigh](https://feedsoft.ai/events/46336-thai-baht-indonesian-rupiah-at-multi-month-lows-as-virus-curbs-weigh.md) | +0.1% | -0.1% |
| DXY | 2017-01-19 | [Gold under pressure as Fed's Yellen backs gradual rate hikes \| Reuters](https://feedsoft.ai/events/72903-gold-under-pressure-as-fed-s-yellen-backs-gradual-rate-hikes-reuters.md) | -0.4% | -1.5% |
| DXY | 2021-06-29 | [Baht, rupiah under pressure as virus woes support dollar - Markets - Business Recorder](https://feedsoft.ai/events/46855-baht-rupiah-under-pressure-as-virus-woes-support-dollar-markets-business.md) | +0.8% | +1.1% |
| DXY | 2024-10-22 | [Bank Indonesia intervenes as Trump, Fed jitters weigh on rupiah - The Business Times](https://feedsoft.ai/events/28172-bank-indonesia-intervenes-as-trump-fed-jitters-weigh-on-rupiah-the-business.md) | +0.3% | +1.5% |
| DXY | 2023-09-26 | [Thai baht leads Asian currencies lower, pressured by dollar - Markets - Business Recorder](https://feedsoft.ai/events/34379-thai-baht-leads-asian-currencies-lower-pressured-by-dollar-markets-business.md) | +0.8% | +1.3% |

## Sources

- bingx.com: https://bingx.com/en/flash-news/post/thai-baht-at-and-rupiah-at-per-dollar-as-fed-hike-odds-rise-to-for-september

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