# Asian currencies wobble, stocks up on Fed pause bets - Markets - Business Recorder

> Asian currencies were little changed against the dollar on August 30 while regional stocks rose after weak US job openings data boosted bets that the Federal Reserve would pause rate hikes. Chinese state banks were also expected to cut mortgage rates to support the property sector.

- Date: 2023-08-30 · published 2023-08-30T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/34843-asian-currencies-wobble-stocks-up-on-fed-pause-bets-markets-business-recorder
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A softer dollar outlook from Fed pause bets tends to support emerging-market currencies and commodity import demand, but the impact on feed prices in this market wrap is marginal.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2024-03-01 | [Asian currencies tepid after soft US inflation - Business & Finance - Business Recorder](https://feedsoft.ai/events/31485-asian-currencies-tepid-after-soft-us-inflation-business-and-finance-business.md) | -0.8% | -0.1% |
| DXY | 2021-08-30 | [Latam currencies firm, Colombian central bank meeting eyed - Markets - Business Recorder](https://feedsoft.ai/events/45823-latam-currencies-firm-colombian-central-bank-meeting-eyed-markets-business.md) | -0.7% | +0.4% |
| DXY | 2020-12-30 | [Australian, NZ dollars on the rise as US$ crumbles - Markets - Business Recorder](https://feedsoft.ai/events/49897-australian-nz-dollars-on-the-rise-as-us-crumbles-markets-business-recorder.md) | -0.6% | +0.4% |
| DXY | 2020-06-08 | [Gold gains as investors bet on dovish signals from Fed - Markets - Business Recorder](https://feedsoft.ai/events/52529-gold-gains-as-investors-bet-on-dovish-signals-from-fed-markets-business-recorder.md) | +0.7% | +0.4% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40260607

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