# Weak Asian currencies | Philstar.com

> Asian currencies have weakened since June as the threat of Fed tapering and slowing global recovery boosted the dollar's safe-haven appeal. The Thai baht is the worst performer year-to-date at down 9.87%, followed by the won and ringgit, while the 10-year US Treasury yield fell to 1.13%.

- Date: 2021-07-25 · published 2021-07-25T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/46330-weak-asian-currencies-philstar-com
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md), [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Broad Asian currency weakness raises local-currency costs for feed imports across the region and reflects softer growth expectations that can weigh on commodity demand.

## Read by commodity

- DXY: bullish ▲
- USDKRW: bullish ▲
- USDMYR: bullish ▲
- USDTHB: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-05-30 | [Asian currencies: Indonesia rupiah hits weakest since early May](https://feedsoft.ai/events/30581-asian-currencies-indonesia-rupiah-hits-weakest-since-early-may.md) | +0.3% | +1.8% |
| DXY | 2023-11-16 | [The Impact of the Strong U.S. Dollar on Asian Currencies](https://feedsoft.ai/events/12030-the-impact-of-the-strong-u-s-dollar-on-asian-currencies.md) | -0.3% | -1.2% |
| DXY | 2025-09-17 | [Dollar Boost From Fed to Weigh on Asian Currencies, Analysts Say - Bloomberg](https://feedsoft.ai/events/23086-dollar-boost-from-fed-to-weigh-on-asian-currencies-analysts-say-bloomberg.md) | +0.4% | +1.5% |
| DXY | 2023-06-29 | [Asian currencies edge lower as US dollar jumps on hawkish Fed](https://feedsoft.ai/events/35726-asian-currencies-edge-lower-as-us-dollar-jumps-on-hawkish-fed.md) | +0.4% | -1.2% |
| DXY | 2020-01-30 | [US Dollar On A Two-Month High, Asian Currencies Consistently Declining](https://feedsoft.ai/events/55323-us-dollar-on-a-two-month-high-asian-currencies-consistently-declining.md) | +0.3% | +1.4% |

## Sources

- philstar.com: https://www.philstar.com/business/2021/07/26/2115114/weak-asian-currencies

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