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Most Asian emerging currencies firmed on Monday, led by the South Korean won and Malaysian ringgit, as the dollar fell after Fed Chair Powell signalled no rush to tighten policy. Analysts said focus was shifting to the US August jobs report due Friday.
The ringgit was supported by the new Malaysian cabinet retaining its finance minister.
A weaker dollar and firmer Asian currencies reduce the local cost of US-priced feed grains and meals for Asian importers, a mildly supportive backdrop for import demand.
brecorder.comReutersAug 30, 2021Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
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.
