# Most Asian FX, stocks fall after traders reconsider Fed rate cut bets - Markets - Business Recorder

> Most Asian currencies fell as traders reduced bets on Fed rate cuts ahead of a key US jobs report. The won led losses, dropping to a near three-week low, while the dollar index held steady at 103.63.

- Date: 2023-12-05 · published 2023-12-05T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/32968-most-asian-fx-stocks-fall-after-traders-reconsider-fed-rate-cut-bets-markets
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Reduced Fed easing bets support the dollar and pressure Asian currencies, raising local costs for dollar-priced feed ingredients.

## Read by commodity

- DXY: bullish ▲
- USDKRW: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-02-27 | [Asian FX, stocks pressured by higher US rates outlook - Markets - Business Recorder](https://feedsoft.ai/events/37599-asian-fx-stocks-pressured-by-higher-us-rates-outlook-markets-business-recorder.md) | -0.7% | -0.9% |
| DXY | 2024-10-24 | [Asian FX, stocks weaken on slower Fed cut hopes and potential Trump win - Markets - Business Recorder](https://feedsoft.ai/events/28143-asian-fx-stocks-weaken-on-slower-fed-cut-hopes-and-potential-trump-win-markets.md) | +0.1% | +1.9% |
| DXY | 2023-04-21 | [Asian FX set for weekly losses as Fed rate hike bets weigh - Markets - Business Recorder](https://feedsoft.ai/events/36650-asian-fx-set-for-weekly-losses-as-fed-rate-hike-bets-weigh-markets-business.md) | +0.3% | +0.8% |
| DXY | 2021-07-01 | [Long bets cut on Asian FX; Fed tapering fears, virus spike hits rupiah - Markets - Business Recorder](https://feedsoft.ai/events/46332-long-bets-cut-on-asian-fx-fed-tapering-fears-virus-spike-hits-rupiah-markets.md) | +0.5% | -0.1% |
| DXY | 2021-06-17 | [South Africa's rand hits one-month low on hawkish Fed, stocks fall - Markets - Business Recorder](https://feedsoft.ai/events/46878-south-africa-s-rand-hits-one-month-low-on-hawkish-fed-stocks-fall-markets.md) | +1.1% | +1.7% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40276812

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