# Most Asian currencies firm as waning taper fears pressure US dollar - Markets - Business Recorder

> 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.

- Date: 2021-08-30 · published 2021-08-30T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/45811-most-asian-currencies-firm-as-waning-taper-fears-pressure-us-dollar-markets
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

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.

## Read by commodity

- DXY: bearish ▼
- USDKRW: bearish ▼
- USDMYR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-08-30 | [Asian currencies wobble, stocks up on Fed pause bets - Markets - Business Recorder](https://feedsoft.ai/events/34843-asian-currencies-wobble-stocks-up-on-fed-pause-bets-markets-business-recorder.md) | +1.3% | +2.3% |
| DXY | 2023-04-13 | [Indian rupee firms as cooling US inflation, recession woes hurt dollar - Markets - Business Recorder](https://feedsoft.ai/events/36660-indian-rupee-firms-as-cooling-us-inflation-recession-woes-hurt-dollar-markets.md) | +0.3% | -0.4% |
| DXY | 2024-10-31 | [Dollar down against major currencies - Business & Finance - Business Recorder](https://feedsoft.ai/events/28051-dollar-down-against-major-currencies-business-and-finance-business-recorder.md) | +0.7% | +1.4% |
| DXY | 2021-08-30 | [Dollar pinned as Powell plods toward tapering - Markets - Business Recorder](https://feedsoft.ai/events/45483-dollar-pinned-as-powell-plods-toward-tapering-markets-business-recorder.md) | -0.7% | +0.4% |
| DXY | 2020-12-30 | [Australian, NZ dollars on the rise as US$ crumbles - Markets - Business Recorder](https://feedsoft.ai/events/49897-australian-nz-dollars-on-the-rise-as-us-crumbles-markets-business-recorder.md) | -0.6% | +0.4% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40116652

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