# Hawkish central banks keep currencies afloat - Markets - Business Recorder

> Emerging market currencies gained on Sept 30 as central banks kept tightening policy. The Czech crown rose about 1% against the euro after a 75 basis point hike, and the Polish zloty rose after minutes suggested a rate rise may be imminent. The dollar was near one-year highs, while Mexico and Colombia were expected to hike by 25 basis points.

- Date: 2021-09-30 · published 2021-09-30T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/45335-hawkish-central-banks-keep-currencies-afloat-markets-business-recorder
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Stronger local currencies and higher rates in emerging markets can reduce import costs for feed buyers in those countries. A firm dollar, however, raises the cost of dollar-priced grain and meal for importers with weaker currencies.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-09-26 | [Thai baht leads Asian currencies lower, pressured by dollar - Markets - Business Recorder](https://feedsoft.ai/events/34379-thai-baht-leads-asian-currencies-lower-pressured-by-dollar-markets-business.md) | +0.8% | +1.3% |
| DXY | 2026-09-28 | [Asian currencies: Thai baht hits two-month low as oil prices surge - Markets - Business Recorder](https://feedsoft.ai/events/17732-asian-currencies-thai-baht-hits-two-month-low-as-oil-prices-surge-markets.md) | +0.9% | +1.1% |
| DXY | 2022-09-26 | [Indian rupee at record low, with central bank likely helping cap slide - Markets - Business Recorder](https://feedsoft.ai/events/39851-indian-rupee-at-record-low-with-central-bank-likely-helping-cap-slide-markets.md) | +0.2% | +0.6% |
| DXY | 2024-03-27 | [Asian currencies at multi-month lows against US dollar; stocks mixed - Markets - Business Recorder](https://feedsoft.ai/events/31453-asian-currencies-at-multi-month-lows-against-us-dollar-stocks-mixed-markets.md) | +0.2% | +1.4% |
| DXY | 2020-08-21 | [Euro sinks, yuan rallies in Europe - Markets - Business Recorder](https://feedsoft.ai/events/51830-euro-sinks-yuan-rallies-in-europe-markets-business-recorder.md) | -0.1% | -1.3% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40123706

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