# Asian currencies: Thai baht edges higher; rupiah, ringgit slip - Business & Finance - Business Recorder

> Asian emerging-market currencies and stocks held steady on Wednesday as traders awaited US inflation data and the Federal Reserve meeting. The Thai baht edged higher while the rupiah and ringgit slipped. Markets priced in 62 basis points of US easing this year, with a September cut seen at 95%.

- Date: 2024-07-25 · published 2024-07-25T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/29560-asian-currencies-thai-baht-edges-higher-rupiah-ringgit-slip-business-and
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Weaker ringgit and rupiah can make palm oil and other regional vegetable oil exports cheaper for foreign buyers, which weighs on palm prices. Expected US rate cuts point to a softer dollar, which generally supports commodity demand.

## Read by commodity

- USDIDR: bullish ▲
- USDMYR: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40314216

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