# Fed easing bets, carry trade unwind turn analysts bullish on Asian currencies | Reuters

> Analysts turned bullish on Asian currencies after expectations of Fed easing and a carry trade unwind. The ringgit had appreciated about 6% since mid-July and over 7% since late February.

- Date: 2024-08-08 · published 2024-08-08T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/29076-fed-easing-bets-carry-trade-unwind-turn-analysts-bullish-on-asian-currencies
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expected Fed easing weakens the dollar, which tends to support dollar-priced commodities, while a stronger ringgit affects Malaysian palm oil export pricing.

## Read by commodity

- DXY: bearish ▼
- USDMYR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-05-05 | [Asian currencies rise on less hawkish Fed, Thai baht and Indian rupee top gainers \| Reuters](https://feedsoft.ai/events/10990-asian-currencies-rise-on-less-hawkish-fed-thai-baht-and-indian-rupee-top.md) | +0.7% | -1.2% |
| DXY | 2025-03-20 | [Investors scale back bearish Asian FX bets, turn bullish on Philippine peso \| Reuters](https://feedsoft.ai/events/25862-investors-scale-back-bearish-asian-fx-bets-turn-bullish-on-philippine-peso.md) | +0.3% | -2.0% |
| DXY | 2023-08-30 | [Asian currencies wobble, stocks up on Fed pause bets - Markets - Business Recorder](https://feedsoft.ai/events/34843-asian-currencies-wobble-stocks-up-on-fed-pause-bets-markets-business-recorder.md) | +1.3% | +2.3% |
| DXY | 2019-06-19 | [Asia markets: The Fed, US-China trade, currencies in focus](https://feedsoft.ai/events/9812-asia-markets-the-fed-us-china-trade-currencies-in-focus.md) | -1.1% | -0.9% |
| DXY | 2024-07-11 | [Asian FX bears ease as U.S. rate cut bets solidify: Reuters poll](https://feedsoft.ai/events/12303-asian-fx-bears-ease-as-u-s-rate-cut-bets-solidify-reuters-poll.md) | -0.5% | +0.3% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/fed-easing-bets-carry-trade-unwind-turn-analysts-bullish-asian-currencies-2024-08-08/

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