# Thai baht, South Korean won lead steady Asian FX higher, Fed in focus - Markets - Business Recorder

> Most Southeast Asian currencies steadied ahead of the Federal Reserve's policy decision, while the won and baht rose to two-week highs in thin trading. Investors are looking to Chair Powell's press conference for signals on rate cut expectations.

- Date: 2024-01-30 · published 2024-01-30T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/32412-thai-baht-south-korean-won-lead-steady-asian-fx-higher-fed-in-focus-markets
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

A firmer baht and won reduce the local currency cost of dollar-priced feed imports in those markets. The effect on global feed prices is small.

## Read by commodity

- USDTHB: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40286455

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