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

> 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.

- Date: 2021-04-07 · published 2021-04-07T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/47833-south-korea-s-won-thai-baht-leads-asia-s-fx-higher-as-us-yields-dip-markets
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

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

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-01-13 | [Australia, NZ dollars look to break higher as US$ retreats - Markets - Business Recorder](https://feedsoft.ai/events/43388-australia-nz-dollars-look-to-break-higher-as-us-retreats-markets-business.md) | +0.1% | +0.2% |
| DXY | 2022-06-28 | [South African rand gains as dollar dips - Markets - Business Recorder](https://feedsoft.ai/events/41263-south-african-rand-gains-as-dollar-dips-markets-business-recorder.md) | +2.0% | +2.2% |
| DXY | 2022-05-27 | [South African rand firms as dollar sinks to a month low - Markets - Business Recorder](https://feedsoft.ai/events/41694-south-african-rand-firms-as-dollar-sinks-to-a-month-low-markets-business.md) | -0.5% | +1.2% |
| DXY | 2022-07-28 | [Dollar hits three-week low to yen as Fed’s Powell less hawkish than feared - Markets - Business Recorder](https://feedsoft.ai/events/40731-dollar-hits-three-week-low-to-yen-as-fed-s-powell-less-hawkish-than-feared.md) | -0.3% | +0.2% |
| DXY | 2022-07-29 | [Australia, NZ dollars rally for second week, bond yields tumble - Markets - Business Recorder](https://feedsoft.ai/events/40738-australia-nz-dollars-rally-for-second-week-bond-yields-tumble-markets-business.md) | -0.2% | +0.8% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40081820

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