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Asian currencies weakened against a firm dollar, with the South Korean won down 0.4 percent and the Thai baht down 0.3 percent. Regional stocks paused their rally as investors became cautious on the timing and number of US rate cuts after soft jobs data.
RBC's Alvin Tan expects the Fed to cut only once this year.
A firmer dollar raises the local-currency cost of dollar-priced feed imports for Asian buyers, though these moves are modest and routine.
brecorder.comReutersMay 8, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
