# US Dollar On A Two-Month High, Asian Currencies Consistently Declining

> The US dollar reached a two-month high against Asian currencies as investors sought safe havens. The Federal Reserve held rates steady while flagging uncertainty over the global outlook. The yen traded near 108.90 per dollar.

- Date: 2020-01-30 · published 2020-01-30T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/55323-us-dollar-on-a-two-month-high-asian-currencies-consistently-declining
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer dollar against Asian currencies raises the local-currency cost of dollar-priced feed imports for importers in the region, which can dampen their purchasing. The effect on US commodity prices is modest.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-11-16 | [The Impact of the Strong U.S. Dollar on Asian Currencies](https://feedsoft.ai/events/12030-the-impact-of-the-strong-u-s-dollar-on-asian-currencies.md) | -0.3% | -1.2% |
| DXY | 2023-02-15 | [Most Asian Currencies Hit 1-Month Lows As Dollar Firms After U.S. CPI Data](https://feedsoft.ai/events/37602-most-asian-currencies-hit-1-month-lows-as-dollar-firms-after-u-s-cpi-data.md) | +0.8% | +1.8% |
| DXY | 2023-06-29 | [Asian currencies edge lower as US dollar jumps on hawkish Fed](https://feedsoft.ai/events/35726-asian-currencies-edge-lower-as-us-dollar-jumps-on-hawkish-fed.md) | +0.4% | -1.2% |
| DXY | 2021-03-02 | [FOREX \| Dollar rises to one-month high; riskier currencies fall as shares falter - BusinessWorld Online](https://feedsoft.ai/events/11420-forex-dollar-rises-to-one-month-high-riskier-currencies-fall-as-shares-falter.md) | +1.5% | +1.2% |
| 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% |

## Sources

- btimesonline.com: https://www.btimesonline.com/articles/125844/20200130/dollar-two-month-high-amid-coronavirus-epidemic.htm

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