# Asean FX in focus as analysts mull global monetary policy shifts - Euromoney

> Analysts are focusing on how Asean currencies will perform as central banks begin shifting toward tightening. They note that Federal Reserve policy and rising US yields are likely to pressure emerging-market currencies, particularly the Asean-5 group of the rupiah, ringgit, peso, Singapore dollar and baht.

- Date: 2022-01-24 · published 2022-01-24T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/43399-asean-fx-in-focus-as-analysts-mull-global-monetary-policy-shifts-euromoney
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Expected US tightening and a stronger dollar tend to pressure emerging-market currencies, which can raise the local-currency cost of imported feed and weigh on Asian demand sentiment.

## Read by commodity

- DXY: bullish ▲
- USDMYR: bullish ▲
- USDTHB: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2016-12-20 | [A Shifting U.S. Policy Mix: Global Rewards and Risks](https://feedsoft.ai/events/73390-a-shifting-u-s-policy-mix-global-rewards-and-risks.md) | +0.5% | -0.1% |
| DXY | 2022-06-02 | [An Update on the Economy and Monetary Policy](https://feedsoft.ai/events/40854-an-update-on-the-economy-and-monetary-policy.md) | -0.3% | +1.9% |
| DXY | 2018-10-25 | [The Economic Outlook, Monetary Policy, and Normal Policymaking Now and in the Future](https://feedsoft.ai/events/62446-the-economic-outlook-monetary-policy-and-normal-policymaking-now-and-in-the.md) | +1.0% | +0.9% |
| DXY | 2021-11-18 | [Euro hit by bets ECB monetary policy will diverge from major peers – The Irish Times](https://feedsoft.ai/events/11950-euro-hit-by-bets-ecb-monetary-policy-will-diverge-from-major-peers-the-irish.md) | +1.1% | +0.6% |
| DXY | 2023-04-04 | [Lisa D Cook: The US economic outlook and monetary policy](https://feedsoft.ai/events/36300-lisa-d-cook-the-us-economic-outlook-and-monetary-policy.md) | +0.4% | +0.1% |

## Sources

- euromoney.com: https://www.euromoney.com/article/29mgc2yamu7mejrmy2xhc/foreign-exchange/asean-fx-in-focus-as-analysts-mull-global-monetary-policy-shifts/

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