# Where the currents of currencies flow | StashAway Malaysia

> StashAway's CIO outlines how the US dollar has come off its 2022 highs after nearly 20 percent gains and how currency moves are becoming more idiosyncratic. The note highlights the yuan's influence on Southeast Asian currencies such as the ringgit, baht and Singapore dollar.

- Date: 2023-08-28 · published 2023-08-28T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/34852-where-the-currents-of-currencies-flow-stashaway-malaysia
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Shifts in dollar strength and regional currency correlation affect the local cost of imported feed ingredients, though this is a general investment outlook rather than a new market event.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-10-06 | [Asian currencies to stay steady, Fed tightening seen curbing gains \| Malay Mail](https://feedsoft.ai/events/6413-asian-currencies-to-stay-steady-fed-tightening-seen-curbing-gains-malay-mail.md) | -0.3% | +1.2% |
| DXY | 2024-08-28 | [Asian currencies tread water as markets await cues on Fed cuts](https://feedsoft.ai/events/29077-asian-currencies-tread-water-as-markets-await-cues-on-fed-cuts.md) | +0.5% | -0.3% |
| DXY | 2017-12-01 | [Asia forex: Most Asian currencies ease as U.S. tax vote stalls](https://feedsoft.ai/events/67719-asia-forex-most-asian-currencies-ease-as-u-s-tax-vote-stalls.md) | +0.5% | -0.3% |
| DXY | 2019-08-21 | [Taming the Currency Hype](https://feedsoft.ai/events/57764-taming-the-currency-hype.md) | +0.3% | -0.3% |
| DXY | 2017-08-07 | [What’s next for the most important currency in the world? \| MoneyWeek](https://feedsoft.ai/events/69368-what-s-next-for-the-most-important-currency-in-the-world-moneyweek.md) | -0.2% | -1.1% |

## Sources

- stashaway.my: https://www.stashaway.my/r/cio-insights-where-currencies-flow

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