# Asian FX, stocks weaken on slower Fed cut hopes and potential Trump win - Markets - Business Recorder

> The Thai baht fell to a six-week low of 33.80 per dollar as traders pared bets on aggressive US rate cuts and considered a second Trump presidency. Most Asian currencies traded in a narrow range, and the dollar index hovered near a July high.

- Date: 2024-10-24 · published 2024-10-24T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/28143-asian-fx-stocks-weaken-on-slower-fed-cut-hopes-and-potential-trump-win-markets
- 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 and weaker Asian currencies raise the cost of imported feed ingredients for Asian buyers and can pressure US grain and oilseed prices.

## Read by commodity

- DXY: bullish ▲
- USDTHB: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-12-05 | [Most Asian FX, stocks fall after traders reconsider Fed rate cut bets - Markets - Business Recorder](https://feedsoft.ai/events/32968-most-asian-fx-stocks-fall-after-traders-reconsider-fed-rate-cut-bets-markets.md) | +0.4% | -0.6% |
| DXY | 2024-11-06 | [Wheat, corn and soy fall as market anticipates Trump win - Markets - Business Recorder](https://feedsoft.ai/events/10552-wheat-corn-and-soy-fall-as-market-anticipates-trump-win-markets-business.md) | +1.9% | +1.5% |
| DXY | 2023-02-27 | [Asian FX, stocks pressured by higher US rates outlook - Markets - Business Recorder](https://feedsoft.ai/events/37599-asian-fx-stocks-pressured-by-higher-us-rates-outlook-markets-business-recorder.md) | -0.7% | -0.9% |
| DXY | 2023-10-26 | [Asia FX, stocks slip as risk-off sentiment prevails - Markets - Business Recorder](https://feedsoft.ai/events/33927-asia-fx-stocks-slip-as-risk-off-sentiment-prevails-markets-business-recorder.md) | +0.0% | -2.9% |
| DXY | 2024-01-31 | [Indian rupee to weaken as odds of Fed rate cut in March diminish - Markets - Business Recorder](https://feedsoft.ai/events/32382-indian-rupee-to-weaken-as-odds-of-fed-rate-cut-in-march-diminish-markets.md) | +0.3% | +0.4% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40328779

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