Asia's emerging FX hit by rising dollar; Indonesia, Philippine stocks fall 1%

After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.

• Jan 27, 2022Strong dollar hits Latam FX, Russian assets rise | Financial Post+0.1%
• Apr 28, 2022Brazil real hit by surging dollar, focus shifts to earnings | Financial Post+0.1%
• Jul 27, 2021Canadian dollar falls as China stock sell-off spooks investors | Financial Post-0.5%
• Sep 13, 2022Latam FX slump as hot U.S. inflation sends dollar soaring | Financial Post+1.4%
• Apr 19, 2023Dollar firms as U.S. yields rise, high British inflation underpins pound | Financial Post+0.4%

After 169 past neutral macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (50% higher; middle half -0.3% to +0.2%), and -0.0% over 20.

• Nov 9, 2021China's yuan eases as traders await inflation data; HK dollar nears 7.8 | Financial Post+0.0%
• Feb 16, 2023China's yuan rises but strong U.S. retail sales data caps upside - Financial Post+0.8%
• Oct 10, 2019Yuan hits 3-week high, swings wildly on trade headlines | Financial Post-0.8%
• Jun 14, 2022China's yuan recovers from 1-month low, Fed, PBOC in focus | Financial Post-1.0%
• Mar 4, 2022As China’s yuan gets stronger while Ukraine crisis drives up raw material prices, exporters shy away from US dollar | South China Morning Post+0.0%