# Asia-Pacific Currencies Weekly Recap:  High-Flying Aussie, Kiwi Drilled Lower Amid Bond Market Rout

> The US dollar rose against Asia-Pacific currencies last week as higher US bond yields reduced demand for the yen, Aussie and kiwi. Traders priced in earlier monetary tightening, and yields rose on expectations of fiscal stimulus and a strengthening US economy.

- Date: 2021-02-28 · published 2021-02-28T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/48892-asia-pacific-currencies-weekly-recap-high-flying-aussie-kiwi-drilled-lower-amid
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A firmer dollar on rising US yields tends to pressure dollar-denominated commodity prices and supports Asian import demand less favorably. Weaker commodity-linked currencies can also lower Australian and New Zealand export offer prices.

## Read by commodity

- DXY: bullish ▲
- AUDUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-09-26 | [Thai baht leads Asian currencies lower, pressured by dollar - Markets - Business Recorder](https://feedsoft.ai/events/34379-thai-baht-leads-asian-currencies-lower-pressured-by-dollar-markets-business.md) | +0.8% | +1.3% |
| DXY | 2024-12-18 | [Asia-Pacific markets live updates: Fed rate cuts, BOJ rate decision](https://feedsoft.ai/events/27170-asia-pacific-markets-live-updates-fed-rate-cuts-boj-rate-decision.md) | +0.7% | +1.5% |
| DXY | 2023-04-21 | [Asian FX set for weekly losses as Fed rate hike bets weigh - Markets - Business Recorder](https://feedsoft.ai/events/36650-asian-fx-set-for-weekly-losses-as-fed-rate-hike-bets-weigh-markets-business.md) | +0.3% | +0.8% |
| DXY | 2016-11-25 | [Fragile Asian currencies set for weekly losses on rising dollar, US yields - Malaysia Today](https://feedsoft.ai/events/74106-fragile-asian-currencies-set-for-weekly-losses-on-rising-dollar-us-yields.md) | -0.3% | +0.7% |
| DXY | 2021-02-28 | [Pound-Dollar Week Ahead Forecast: Resetting Sights on 1.43 2018 High as Bond Market Dust Settles](https://feedsoft.ai/events/48881-pound-dollar-week-ahead-forecast-resetting-sights-on-1-43-2018-high-as-bond.md) | +0.8% | +0.8% |

## Sources

- finance.yahoo.com: https://finance.yahoo.com/news/asia-pacific-currencies-weekly-recap-055251684.html

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