# Asian currencies gain as Fed reassures on rates; Thai cbank in focus | Financial Post

> The baht and Philippine peso rebounded after Fed Chair Powell said the central bank would not raise rates too quickly. Thai stocks rose as investors awaited a Bank of Thailand meeting, and the South Korean won and Malaysian ringgit also gained.

- Date: 2021-06-23 · published 2021-06-23T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/46859-asian-currencies-gain-as-fed-reassures-on-rates-thai-cbank-in-focus-financial
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

The move reflects Fed-driven dollar weakness in Asian FX, which does not directly change feed commodity supply or demand.

## Read by commodity

- DXY: bearish ▼
- USDTHB: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-06-08 | [Dollar dips as commodity currencies gain on recovery hopes \| Financial Post](https://feedsoft.ai/events/52527-dollar-dips-as-commodity-currencies-gain-on-recovery-hopes-financial-post.md) | +0.7% | +0.4% |
| DXY | 2022-08-31 | [Most Asian FX rises; Thai baht, equities gain on growth view \| Financial Post](https://feedsoft.ai/events/40312-most-asian-fx-rises-thai-baht-equities-gain-on-growth-view-financial-post.md) | +0.9% | +3.6% |
| DXY | 2023-03-13 | [Thai baht climbs as Asian currencies gain on weak US dollar](https://feedsoft.ai/events/37133-thai-baht-climbs-as-asian-currencies-gain-on-weak-us-dollar.md) | +0.3% | -1.6% |
| DXY | 2022-05-05 | [Asian currencies rise on less hawkish Fed, Thai baht and Indian rupee top gainers \| Reuters](https://feedsoft.ai/events/10990-asian-currencies-rise-on-less-hawkish-fed-thai-baht-and-indian-rupee-top.md) | +0.7% | -1.2% |
| DXY | 2019-06-19 | [Asia markets: The Fed, US-China trade, currencies in focus](https://feedsoft.ai/events/9812-asia-markets-the-fed-us-china-trade-currencies-in-focus.md) | -1.1% | -0.9% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/asian-currencies-gain-as-fed-reassures-on-rates-thai-cbank-in-focus

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