◂ Event Timeline

Apr 7, 2021MACROGlobal

South Korea's won, Thai baht leads Asia's FX higher as US yields dip - Markets

The won and Thai baht led Asian emerging currencies higher as US Treasury yields retreated. The IMF raised its global growth forecast to 6% for 2021, and the won reached its strongest level since late February.

WHY IT MATTERS

Currency moves in Asia have limited direct impact on feed commodity prices; the dollar and yield backdrop is the main channel.

AFFECTSUS Dollar (Broad)▼

SOURCE
brecorder.comReutersApr 7, 2021

Price reaction & history

US Dollar (Broad)▼bearishSO FAR1d +0.1%5d -0.1%20d -0.8%

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.

Jan 13, 2022Australia, NZ dollars look to break higher as US$ retreats - Markets - Business Recorder+0.1%
Jun 28, 2022South African rand gains as dollar dips - Markets - Business Recorder+2.0%
May 27, 2022South African rand firms as dollar sinks to a month low - Markets - Business Recorder-0.5%
Jul 28, 2022Dollar hits three-week low to yen as Fed’s Powell less hawkish than feared - Markets - Business Recorder-0.3%
Jul 29, 2022Australia, NZ dollars rally for second week, bond yields tumble - Markets - Business Recorder-0.2%

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.

US Dollar (Broad) DXY · GP ▸

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