The Thai baht and Indonesian rupiah are under pressure as markets raise odds of a Federal Reserve rate hike, with futures pricing a 54% chance of a hike by September 2026. The baht trades near 33.14 per dollar and the rupiah near 17,756.
Higher expected US rates strengthen the dollar and raise the local-currency cost of imported feed grains and meal in Southeast Asia. A firmer dollar also tends to pressure dollar-denominated grain prices.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.