# US rate cut delays are hurting Asian FX - Euromoney

> Euromoney reports that expectations for Federal Reserve rate cuts in 2024 are fading, with Goldman Sachs' David Solomon warning of possibly no cuts this year. Japan and Korea have struggled to support their currencies, and the yen hit its lowest since 1990.

- Date: 2024-05-24 · published 2024-05-24T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/30500-us-rate-cut-delays-are-hurting-asian-fx-euromoney
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Delayed US rate cuts keep the dollar strong, raising import costs in Asian feed markets and weighing on dollar-priced commodities.

## Read by commodity

- DXY: bullish ▲
- USDJPY: bullish ▲
- USDKRW: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-05-29 | [Ringgit slips against US Dollar as fed seen delaying rate cuts](https://feedsoft.ai/events/24947-ringgit-slips-against-us-dollar-as-fed-seen-delaying-rate-cuts.md) | -0.8% | -1.9% |
| DXY | 2024-09-23 | [US Dollar Forecast: EUR/USD Falls as Weak Eurozone Data Fuels ECB Rate Cut Bets \| FXEmpire](https://feedsoft.ai/events/28531-us-dollar-forecast-eur-usd-falls-as-weak-eurozone-data-fuels-ecb-rate-cut-bets.md) | -0.2% | +2.5% |
| DXY | 2024-05-03 | [Delay in US rate cuts bad news for ringgit, say economists \| FMT](https://feedsoft.ai/events/30541-delay-in-us-rate-cuts-bad-news-for-ringgit-say-economists-fmt.md) | -0.2% | -0.3% |
| DXY | 2024-01-24 | [Investors temper US rate cut bets as Fed meeting looms](https://feedsoft.ai/events/32288-investors-temper-us-rate-cut-bets-as-fed-meeting-looms.md) | -0.4% | -0.1% |
| DXY | 2025-10-31 | [EUR/USD Faces Pressure as ECB Dovish Tilt Raises Odds of a 2026 Rate Cut \| Investing.com](https://feedsoft.ai/events/22636-eur-usd-faces-pressure-as-ecb-dovish-tilt-raises-odds-of-a-2026-rate-cut.md) | +0.3% | -0.2% |

## Sources

- euromoney.com: https://www.euromoney.com/article/2d9xw5oa6784a3q68gi68/foreign-exchange/us-rate-cut-delays-are-hurting-asian-fx/

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