# Most Asian currencies muted ahead of Fed decision - Business & Finance - Business Recorder

> Asian emerging market currencies were subdued on April 29 after US inflation data reduced prospects of near-term Fed rate cuts. The Indonesian rupiah fell 0.3% and the Korean won slipped 0.1%, while regional equities rose. Market pricing pointed to the first Fed cut in September, with the Fed meeting that week expected to hold rates.

- Date: 2024-04-29 · published 2024-04-29T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/31034-most-asian-currencies-muted-ahead-of-fed-decision-business-and-finance-business
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Higher-for-longer US rates keep the dollar firm and raise the cost of dollar-denominated feed imports across Asia. The impact is an FX-driven cost signal rather than a direct change in commodity supply.

## Sources

- brecorder.com: https://www.brecorder.com/news/40300956

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