# Emerging Asian Markets Face Pressure Amid Rising US Yields - Finimize

> Emerging Asian currencies and equities weakened as US Treasury yields rose and the dollar strengthened ahead of key US inflation data. The won fell more than 1% to 1,379.4 per dollar, and the rupiah and peso also slipped. The Thai baht is down 7.5% year to date.

- Date: 2024-05-30 · published 2024-05-30T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/30569-emerging-asian-markets-face-pressure-amid-rising-us-yields-finimize
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [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

Weaker Asian currencies raise the local cost of imported feed ingredients, which can dampen buying in import-dependent markets. Feed price effects are modest and mostly indirect.

## Read by commodity

- DXY: bullish ▲
- USDKRW: bullish ▲
- USDTHB: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-03-15 | [S. Korea to focus on stabilizing markets amid rising US bond yields - The Korea Herald](https://feedsoft.ai/events/48347-s-korea-to-focus-on-stabilizing-markets-amid-rising-us-bond-yields-the-korea.md) | -0.0% | +0.2% |
| DXY | 2023-02-06 | [EMERGING MARKETS-Thai baht faces worst day in 23 years as strong dollar pressures Asia FX \| Kitco News](https://feedsoft.ai/events/37585-emerging-markets-thai-baht-faces-worst-day-in-23-years-as-strong-dollar.md) | +0.5% | +0.8% |
| DXY | 2018-05-09 | [Three Catalysts Pressuring Emerging Markets \| Exchange Rates UK](https://feedsoft.ai/events/12777-three-catalysts-pressuring-emerging-markets-exchange-rates-uk.md) | +0.1% | +0.6% |
| DXY | 2018-06-29 | [BNM: Financial markets faced selling pressure in May \| Malay Mail](https://feedsoft.ai/events/64766-bnm-financial-markets-faced-selling-pressure-in-may-malay-mail.md) | -1.1% | -0.9% |
| DXY | 2016-11-11 | [Emerging assets slide as surging U.S. yields spark outflows](https://feedsoft.ai/events/8178-emerging-assets-slide-as-surging-u-s-yields-spark-outflows.md) | +1.4% | +0.8% |

## Sources

- finimize.com: https://finimize.com/content/emerging-asian-markets-face-pressure-amid-rising-us-yields

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