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

> Asian emerging-market currencies fell against a firmer dollar on March 30 after US 10-year Treasury yields hit a 14-month high. Indonesian and Philippine stocks dropped about 1%, while FTSE Russell confirmed Chinese bonds would join its index.

- Date: 2021-03-30 · published 2021-03-30T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/48392-asia-s-emerging-fx-hit-by-rising-dollar-indonesia-philippine-stocks-fall-1
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Rising US yields and a stronger dollar tend to weigh on dollar-priced commodities and raise the cost of imported feed for emerging Asian buyers.

## Read by commodity

- DXY: bullish ▲
- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-01-27 | [Strong dollar hits Latam FX, Russian assets rise \| Financial Post](https://feedsoft.ai/events/43348-strong-dollar-hits-latam-fx-russian-assets-rise-financial-post.md) | +0.1% | +0.7% |
| DXY | 2022-04-28 | [Brazil real hit by surging dollar, focus shifts to earnings \| Financial Post](https://feedsoft.ai/events/6865-brazil-real-hit-by-surging-dollar-focus-shifts-to-earnings-financial-post.md) | +0.1% | -0.4% |
| DXY | 2021-07-27 | [Canadian dollar falls as China stock sell-off spooks investors \| Financial Post](https://feedsoft.ai/events/46272-canadian-dollar-falls-as-china-stock-sell-off-spooks-investors-financial-post.md) | -0.5% | +0.6% |
| DXY | 2022-09-13 | [Latam FX slump as hot U.S. inflation sends dollar soaring \| Financial Post](https://feedsoft.ai/events/39796-latam-fx-slump-as-hot-u-s-inflation-sends-dollar-soaring-financial-post.md) | +1.4% | +3.5% |
| DXY | 2023-04-19 | [Dollar firms as U.S. yields rise, high British inflation underpins pound \| Financial Post](https://feedsoft.ai/events/36664-dollar-firms-as-u-s-yields-rise-high-british-inflation-underpins-pound.md) | +0.4% | +0.1% |
| USDCNY | 2021-11-09 | [China's yuan eases as traders await inflation data; HK dollar nears 7.8 \| Financial Post](https://feedsoft.ai/events/44271-china-s-yuan-eases-as-traders-await-inflation-data-hk-dollar-nears-7-8.md) | +0.0% | -0.7% |
| USDCNY | 2023-02-16 | [China's yuan rises but strong U.S. retail sales data caps upside - Financial Post](https://feedsoft.ai/events/37552-china-s-yuan-rises-but-strong-u-s-retail-sales-data-caps-upside-financial-post.md) | +0.8% | +0.7% |
| USDCNY | 2019-10-10 | [Yuan hits 3-week high, swings wildly on trade headlines \| Financial Post](https://feedsoft.ai/events/56822-yuan-hits-3-week-high-swings-wildly-on-trade-headlines-financial-post.md) | -0.8% | -2.2% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/asias-emerging-fx-hit-by-rising-dollar-indonesia-philippine-stocks-fall-1

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