# Asia FX dips as dollar firms,  yields spike on easing bank fears By Investing.com

> Asian currencies weakened on March 29, 2023, as easing banking fears lifted Treasury yields and revived bets on further Fed rate hikes. The yen fell 0.6%, and the Chinese yuan slipped toward 7 per dollar amid concerns about the pace of China's economic recovery.

- Date: 2023-03-29 · published 2023-03-29T12:00:00.000Z
- Category: market · region Asia · magnitude low
- Page: https://feedsoft.ai/events/37113-asia-fx-dips-as-dollar-firms-yields-spike-on-easing-bank-fears-by-investing-com
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A firmer dollar and weaker Asian currencies make dollar-priced feed imports more expensive for Asian buyers, while softer Chinese demand is a bearish signal for feed demand.

## Read by commodity

- DXY: bullish ▲
- USDCNY: bullish ▲

## Sources

- za.investing.com: https://za.investing.com/news/asia-fx-dips-as-dollar-firms--yields-spike-on-easing-bank-fears-2724302

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