# Asian FX muted on robust dollar - Business & Finance - Business Recorder

> Most Asian currencies have declined sharply so far this year. The Philippine peso, Thai baht and Taiwan dollar have each lost more than 5%, while the Malaysian ringgit and Singapore dollar are down over 2%.

- Date: 2024-06-22 · published 2024-06-22T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/30050-asian-fx-muted-on-robust-dollar-business-and-finance-business-recorder
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Broad Asian currency weakness against a strong dollar raises import costs for feed buyers across the region.

## Read by commodity

- DXY: bullish ▲
- USDMYR: bullish ▲
- USDTHB: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-05-31 | [Dollar higher - Business & Finance - Business Recorder](https://feedsoft.ai/events/36152-dollar-higher-business-and-finance-business-recorder.md) | -0.5% | -1.0% |
| DXY | 2023-12-02 | [S Korean won, Taiwan dollar lead Asian FX lower - Business & Finance - Business Recorder](https://feedsoft.ai/events/32967-s-korean-won-taiwan-dollar-lead-asian-fx-lower-business-and-finance-business.md) | +0.7% | -0.6% |
| DXY | 2022-04-29 | [Canadian dollar hits 7-week low - Business & Finance - Business Recorder](https://feedsoft.ai/events/42107-canadian-dollar-hits-7-week-low-business-and-finance-business-recorder.md) | -0.1% | -1.1% |
| DXY | 2021-06-18 | [Fed-fuelled dollar up in Europe - Business & Finance - Business Recorder](https://feedsoft.ai/events/5934-fed-fuelled-dollar-up-in-europe-business-and-finance-business-recorder.md) | -0.2% | +0.4% |
| DXY | 2021-06-29 | [Dollar rises broadly in Europe - Business & Finance - Business Recorder](https://feedsoft.ai/events/46810-dollar-rises-broadly-in-europe-business-and-finance-business-recorder.md) | +0.8% | +1.1% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40309328

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