# Asian FX resist dollar strength, Thai stocks hit over 2-year high | Financial Post

> Asian currencies held up against a stronger dollar on November 24, 2021, with the yuan, peso, Taiwan dollar and won gaining slightly. Thai stocks reached their highest since September 2019 while the baht fell 0.6%.

- Date: 2021-11-24 · published 2021-11-24T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/44313-asian-fx-resist-dollar-strength-thai-stocks-hit-over-2-year-high-financial-post
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Regional currency resilience and a firm yuan support Asian import demand for grains and oilseeds. The effect on prices is limited.

## Read by commodity

- USDCNY: bearish ▼
- USDTHB: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2022-02-28 | [Yuan near 4-year high despite state bank dollar buying \| Financial Post](https://feedsoft.ai/events/42928-yuan-near-4-year-high-despite-state-bank-dollar-buying-financial-post.md) | +0.0% | +0.8% |
| USDCNY | 2019-11-06 | [China sets yuan midpoint at three-month high \| Financial Post](https://feedsoft.ai/events/56292-china-sets-yuan-midpoint-at-three-month-high-financial-post.md) | +0.2% | +0.5% |
| USDCNY | 2017-08-10 | [China’s yuan strengthens to 10-month high against US dollar](https://feedsoft.ai/events/69675-china-s-yuan-strengthens-to-10-month-high-against-us-dollar.md) | +0.3% | -2.8% |
| USDCNY | 2024-10-01 | [Malaysian ringgit hits more than 3-year high on China stimulus, leads Asian FX rally](https://feedsoft.ai/events/28590-malaysian-ringgit-hits-more-than-3-year-high-on-china-stimulus-leads-asian-fx.md) | -0.0% | +1.6% |
| USDCNY | 2021-04-22 | [China's yuan nears six-week high as U.S. yields ease \| Financial Post](https://feedsoft.ai/events/47810-china-s-yuan-nears-six-week-high-as-u-s-yields-ease-financial-post.md) | -0.2% | -0.9% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/asian-fx-resist-dollar-strength-thai-stocks-hit-over-2-year-high

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