# Morning Bid: Extraordinary rally rips through all markets

> The South Korean won posted its biggest one-day rise this year, supported by strong Samsung earnings and a chip-led stock rally, while the Thai baht reached a four-month high. Currency and equity markets across Asia rallied together.

- Date: 2024-07-31 · published 2024-07-31T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/29516-morning-bid-extraordinary-rally-rips-through-all-markets
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

A stronger Asian currency complex eases the local cost of dollar-priced grain and meal imports, modestly reducing pressure on Asian feed buyers.

## Read by commodity

- USDKRW: bearish ▼
- USDTHB: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/asia/global-markets-view-asia-graphic-pix-2024-07-31/

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