# Baht, peso plumb multi-month lows to lead Asian FX falls | Financial Post

> The baht fell to its lowest since October 2020 and the Philippine peso hit two-and-a-half-month lows as the dollar strengthened across emerging markets. Indonesia reported its highest daily Covid cases since January and tightened mobility restrictions in red zones for two weeks.

- Date: 2021-06-21 · published 2021-06-21T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/46860-baht-peso-plumb-multi-month-lows-to-lead-asian-fx-falls-financial-post
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md), [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

This is a macro FX sell-off driven by the Fed's hawkish signal and pandemic restrictions, with no direct effect on feed grain or meal prices.

## Read by commodity

- DXY: bullish ▲
- USDIDR: bullish ▲
- USDTHB: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-05-09 | [Chinese Yuan Slips To An 18-Month Low - Asia Financial News](https://feedsoft.ai/events/8317-chinese-yuan-slips-to-an-18-month-low-asia-financial-news.md) | +0.8% | -1.3% |
| DXY | 2023-02-16 | [Stocks fall on strong U.S. inflation data, Colombian peso leads FX losses \| Financial Post](https://feedsoft.ai/events/37625-stocks-fall-on-strong-u-s-inflation-data-colombian-peso-leads-fx-losses.md) | +0.5% | +1.1% |
| DXY | 2020-10-29 | [Euro falls to four-week low as ECB flags easing in December \| Financial Post](https://feedsoft.ai/events/50839-euro-falls-to-four-week-low-as-ecb-flags-easing-in-december-financial-post.md) | -0.5% | -2.2% |
| DXY | 2022-07-19 | [Malaysian ringgit, Thai baht hit by safety flows, growth woes \| Financial Post](https://feedsoft.ai/events/40763-malaysian-ringgit-thai-baht-hit-by-safety-flows-growth-woes-financial-post.md) | -0.3% | -1.1% |
| DXY | 2022-01-18 | [Thai baht gains on quarantine-free travel hopes; Asia FX gains \| Financial Post](https://feedsoft.ai/events/43407-thai-baht-gains-on-quarantine-free-travel-hopes-asia-fx-gains-financial-post.md) | +0.7% | +0.7% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/baht-peso-plumb-multi-month-lows-to-lead-asian-fx-falls

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