# S-E Asia continues to feel the heat from US dollar's hot streak - The Business Times

> Southeast Asian currencies have weakened as the US dollar extended its run since mid-July, the longest in nearly a decade. The 10-year Treasury yield breached 5% on October 23 for the first time since 2007, and the dollar index is up about 5% since July. The baht is among the region's biggest decliners, down 5.8% since the start of 2023.

- Date: 2023-10-29 · published 2023-10-29T12:00:00.000Z
- Category: macro · region Asia · magnitude medium
- Page: https://feedsoft.ai/events/33928-s-e-asia-continues-to-feel-the-heat-from-us-dollar-s-hot-streak-the-business
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Sustained dollar strength keeps regional import costs for feed ingredients elevated and reduces buying power in Southeast Asian feed markets.

## Read by commodity

- DXY: bullish ▲
- USDTHB: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-10-03 | [US dollar strengthens after Fed comments - The Business Times](https://feedsoft.ai/events/62721-us-dollar-strengthens-after-fed-comments-the-business-times.md) | +0.6% | +2.3% |
| DXY | 2019-03-04 | [US dollar extends rising streak even as euro slips - The Business Times](https://feedsoft.ai/events/60270-us-dollar-extends-rising-streak-even-as-euro-slips-the-business-times.md) | +0.7% | +0.5% |
| DXY | 2023-05-30 | [US dollar set to be stronger for longer - The Business Times](https://feedsoft.ai/events/36141-us-dollar-set-to-be-stronger-for-longer-the-business-times.md) | -0.5% | -1.4% |
| DXY | 2022-08-29 | [Time to short the US dollar? - MacroBusiness](https://feedsoft.ai/events/40297-time-to-short-the-us-dollar-macrobusiness.md) | +0.6% | +4.4% |
| DXY | 2018-06-21 | [Korean won continues to weaken against dollar - The Korea Times](https://feedsoft.ai/events/64742-korean-won-continues-to-weaken-against-dollar-the-korea-times.md) | +0.4% | +0.4% |

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/international/asean/s-e-asia-continues-feel-heat-us-dollars-hot-streak

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