# South-east Asia's key currencies set to strengthen in H2 2025 despite rate cuts - The Business Times

> Economists expect the ringgit, rupiah, baht and peso to keep gaining against the US dollar through 2025 despite signals of further regional rate cuts. The US dollar index has fallen 8% year to date after its worst first-half slump in over five decades. Maybank sees Indonesia as the biggest beneficiary of investor flows.

- Date: 2025-07-31 · published 2025-07-31T12:00:00.000Z
- Category: macro · region South-east Asia · magnitude low
- Page: https://feedsoft.ai/events/24032-south-east-asia-s-key-currencies-set-to-strengthen-in-h2-2025-despite-rate-cuts
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md), [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar lowers the local-currency cost of dollar-priced feed ingredients across South-east Asia. Forecasts of currency gains are a directional signal rather than a confirmed move.

## Read by commodity

- DXY: bearish ▼
- USDIDR: bearish ▼
- USDMYR: bearish ▼
- USDTHB: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-09-19 | [Rate cut a plus for some commodities, but demand and supply forces will still be key - The Business Times](https://feedsoft.ai/events/28217-rate-cut-a-plus-for-some-commodities-but-demand-and-supply-forces-will-still-be.md) | -0.1% | +2.1% |
| DXY | 2023-12-08 | [Dow surges to new record as Fed signals three rate cuts in 2024 \| CNN Business](https://feedsoft.ai/events/32472-dow-surges-to-new-record-as-fed-signals-three-rate-cuts-in-2024-cnn-business.md) | -0.9% | -1.1% |
| DXY | 2022-12-28 | [Southeast Asian Currencies End the Year on a High Note – The Diplomat](https://feedsoft.ai/events/38475-southeast-asian-currencies-end-the-year-on-a-high-note-the-diplomat.md) | -0.2% | -2.2% |
| DXY | 2019-10-30 | [Fed cuts rates for the third time as US economy slows \| CNN Business](https://feedsoft.ai/events/56485-fed-cuts-rates-for-the-third-time-as-us-economy-slows-cnn-business.md) | +0.1% | +1.0% |
| DXY | 2020-07-27 | [Dollar’s weakness boosts rally in commodities and currencies - Gulf Times](https://feedsoft.ai/events/5318-dollar-s-weakness-boosts-rally-in-commodities-and-currencies-gulf-times.md) | -0.8% | -0.9% |

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/international/asean/ringgit-rupiah-baht-and-peso-tipped-strengthen-despite-rate-cut-signals

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