# Dollar strength holds back Asian FX; rupee bears re-emerge | Reuters

> A Reuters fortnightly poll found investors raised short bets on most Asian emerging currencies. Long positions on the Singapore dollar, Taiwan dollar and Indian rupee were reversed. Expectations of U.S. rate hikes, rising inflation and slowing global growth boosted the dollar.

- Date: 2021-10-07 · published 2021-10-07T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/44860-dollar-strength-holds-back-asian-fx-rupee-bears-re-emerge-reuters
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar and weaker rupee raise the cost of dollar-priced grain and meal imports for India and other Asian feed buyers. Expect that pressure to persist while U.S. rate expectations stay high.

## Read by commodity

- DXY: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-11-25 | [Asian stocks fall on dollar strength, Bank of Korea hikes rates \| Reuters](https://feedsoft.ai/events/44286-asian-stocks-fall-on-dollar-strength-bank-of-korea-hikes-rates-reuters.md) | -0.2% | -0.6% |
| DXY | 2022-11-02 | [Dollar regains strength as Powell dashes hope of a Fed pause \| Reuters](https://feedsoft.ai/events/38842-dollar-regains-strength-as-powell-dashes-hope-of-a-fed-pause-reuters.md) | -1.4% | -4.2% |
| DXY | 2024-08-30 | [Sterling steady but heads for weekly fall on dollar strength \| Reuters](https://feedsoft.ai/events/29065-sterling-steady-but-heads-for-weekly-fall-on-dollar-strength-reuters.md) | +0.2% | -0.9% |
| DXY | 2024-11-14 | [Dollar retains strength against peers on Trump trade \| Reuters](https://feedsoft.ai/events/11853-dollar-retains-strength-against-peers-on-trump-trade-reuters.md) | -0.1% | -0.0% |
| DXY | 2023-03-09 | [Investors turn more bearish on Asian FX amid return of King Dollar \| Reuters](https://feedsoft.ai/events/37103-investors-turn-more-bearish-on-asian-fx-amid-return-of-king-dollar-reuters.md) | +0.5% | -1.8% |

## Sources

- reuters.com: https://www.reuters.com/business/dollar-strength-holds-back-asian-fx-rupee-bears-re-emerge-2021-10-07/

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