# Surging US Treasury yields to affect global FX market: vice minister - The Korea Herald

> South Korea's vice finance minister said rising US Treasury yields have become a key variable in global foreign exchange markets. He noted that after the 10-year yield passed 1%, the euro, yen and yuan all fell against the dollar. He pointed to Federal Reserve officials' signals of maintaining the current policy stance.

- Date: 2021-01-19 · published 2021-01-19T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/49391-surging-us-treasury-yields-to-affect-global-fx-market-vice-minister-the-korea
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer dollar tends to pressure dollar-denominated commodity prices and weakens emerging-market currencies, which raises the local cost of imported feed ingredients. The impact depends on how long yields keep rising.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-03-15 | [S. Korea to focus on stabilizing markets amid rising US bond yields - The Korea Herald](https://feedsoft.ai/events/48347-s-korea-to-focus-on-stabilizing-markets-amid-rising-us-bond-yields-the-korea.md) | -0.0% | +0.2% |
| DXY | 2024-01-25 | [GLOBAL MARKETS-Stocks edge higher while euro falls with US Treasury yields](https://feedsoft.ai/events/32345-global-markets-stocks-edge-higher-while-euro-falls-with-us-treasury-yields.md) | -0.0% | +0.5% |
| DXY | 2021-03-04 | [Rising US treasury yields pushing exchange rate higher - The Korea Times](https://feedsoft.ai/events/48348-rising-us-treasury-yields-pushing-exchange-rate-higher-the-korea-times.md) | +0.7% | +0.9% |
| DXY | 2021-01-08 | [Treasury Yield Surge Rattles Emerging-Market Currencies in Asia - Infobae](https://feedsoft.ai/events/49393-treasury-yield-surge-rattles-emerging-market-currencies-in-asia-infobae.md) | -0.1% | +0.7% |
| DXY | 2018-02-05 | [Hawkish Fed, strong dollar jolt Korean markets - The Korea Herald](https://feedsoft.ai/events/66721-hawkish-fed-strong-dollar-jolt-korean-markets-the-korea-herald.md) | +1.1% | +0.6% |

## Sources

- koreaherald.com: https://www.koreaherald.com/article/2541621

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