# Asia FX, stocks slip as risk-off sentiment prevails - Markets - Business Recorder

> Emerging Asian currencies weakened and stocks fell as a firm dollar and higher US yields spread risk-off sentiment. The won fell 0.7% and the baht 0.3%, while the dollar index rose to 106.76. Weak US five-year auction demand and strong new home sales lifted yields, and US Q3 growth was tracking at its fastest pace in nearly two years.

- Date: 2023-10-26 · published 2023-10-26T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/33927-asia-fx-stocks-slip-as-risk-off-sentiment-prevails-markets-business-recorder
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

A stronger dollar and higher yields raise the local-currency cost of dollar-priced feed imports across Asia, and reduce the likelihood of near-term rate cuts.

## Read by commodity

- DXY: bullish ▲
- USDTHB: 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 | 2023-12-05 | [Most Asian FX, stocks fall after traders reconsider Fed rate cut bets - Markets - Business Recorder](https://feedsoft.ai/events/32968-most-asian-fx-stocks-fall-after-traders-reconsider-fed-rate-cut-bets-markets.md) | +0.4% | -0.6% |
| DXY | 2026-08-31 | [Dollar slips ahead of US jobs data - Markets - Business Recorder](https://feedsoft.ai/events/18078-dollar-slips-ahead-of-us-jobs-data-markets-business-recorder.md) | -0.6% | +1.6% |
| DXY | 2022-08-29 | [Asia FX falls as Powell remarks buoy dollar; won, baht take beating - Markets - Business Recorder](https://feedsoft.ai/events/40310-asia-fx-falls-as-powell-remarks-buoy-dollar-won-baht-take-beating-markets.md) | +0.6% | +4.4% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40270132

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