# Asian currencies tepid after soft US inflation - Business & Finance - Business Recorder

> Asian currencies traded in tight ranges after US inflation data showed the lowest annual rate in three years, which kept expectations alive for a Federal Reserve rate cut in June. The ringgit gained 0.1% and was heading for a 0.8% weekly rise, its best in two months.

- Date: 2024-03-01 · published 2024-03-01T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/31485-asian-currencies-tepid-after-soft-us-inflation-business-and-finance-business
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Softer US inflation weakens the dollar and supports emerging-market currencies, which lowers import costs for Asian feed buyers. The effect on grain and oilseed prices is limited.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-10-31 | [Dollar down against major currencies - Business & Finance - Business Recorder](https://feedsoft.ai/events/28051-dollar-down-against-major-currencies-business-and-finance-business-recorder.md) | +0.7% | +1.4% |
| DXY | 2023-08-30 | [Asian currencies wobble, stocks up on Fed pause bets - Markets - Business Recorder](https://feedsoft.ai/events/34843-asian-currencies-wobble-stocks-up-on-fed-pause-bets-markets-business-recorder.md) | +1.3% | +2.3% |
| DXY | 2021-08-30 | [Most Asian currencies firm as waning taper fears pressure US dollar - Markets - Business Recorder](https://feedsoft.ai/events/45811-most-asian-currencies-firm-as-waning-taper-fears-pressure-us-dollar-markets.md) | -0.7% | +0.4% |
| DXY | 2021-04-30 | [Dollar steadies in Europe - Business & Finance - Business Recorder](https://feedsoft.ai/events/47821-dollar-steadies-in-europe-business-and-finance-business-recorder.md) | +0.1% | -0.8% |
| DXY | 2020-06-04 | [Euro jumps as ECB increases stimulus - Business & Finance - Business Recorder](https://feedsoft.ai/events/52843-euro-jumps-as-ecb-increases-stimulus-business-and-finance-business-recorder.md) | -0.6% | +0.7% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40291612

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