# US Dollar May Still Have Edge as Emerging Markets Underperform Ahead of NFPs | Forex trading, free forex education | Forex.ca

> The US dollar gained 0.71% against the Thai baht and 0.25% against the Singapore dollar in the week to late March, while emerging market equities fell about 1.5%. The Bank of Thailand held rates at 0.50% and cut its GDP outlook due to Covid and weak tourism.

- Date: 2021-03-29 · published 2021-03-29T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/48383-us-dollar-may-still-have-edge-as-emerging-markets-underperform-ahead-of-nfps
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

A firmer dollar against ASEAN currencies raises the local cost of dollar-denominated feed imports across the region, but the move is small and mostly reflects routine FX flows.

## Read by commodity

- DXY: bullish ▲
- USDTHB: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-03-23 | [US Dollar Fundamental Outlook: USD/SGD, USD/IDR, USD/MYR, USD/PHP \| Forex trading, free forex education \| Forex.ca](https://feedsoft.ai/events/54383-us-dollar-fundamental-outlook-usd-sgd-usd-idr-usd-myr-usd-php-forex-trading.md) | -2.0% | -1.7% |
| DXY | 2022-11-18 | [Australian Dollar Filleted by Fedspeak as US Dollar Resumes Ascendency \| Forex trading, free forex education \| Forex.ca](https://feedsoft.ai/events/38927-australian-dollar-filleted-by-fedspeak-as-us-dollar-resumes-ascendency-forex.md) | -0.5% | -1.1% |
| DXY | 2022-08-29 | [Japanese Yen Slips Against US Dollar as Powell Confirms Hikes. Where to for USD/JPY? \| Forex trading, free forex education \| Forex.ca](https://feedsoft.ai/events/40268-japanese-yen-slips-against-us-dollar-as-powell-confirms-hikes-where-to-for-usd.md) | +0.6% | +4.4% |
| DXY | 2021-07-13 | [USD/MXN Jumps on Sizzling U.S. Inflation. Will Traders Fade this Move? \| Forex trading, free forex education \| Forex.ca](https://feedsoft.ai/events/46282-usd-mxn-jumps-on-sizzling-u-s-inflation-will-traders-fade-this-move-forex.md) | +0.7% | +0.6% |
| DXY | 2021-08-23 | [Jackson Hole in Focus for USD/SGD, USD/THB, USD/IDR, USD/PHP \| Forex trading, free forex education \| Forex.ca](https://feedsoft.ai/events/45835-jackson-hole-in-focus-for-usd-sgd-usd-thb-usd-idr-usd-php-forex-trading-free.md) | -1.0% | -0.5% |

## Sources

- forex.ca: https://www.forex.ca/us-dollar-may-still-have-edge-as-emerging-markets-underperform-ahead-of-nfps/

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