# Asian currencies fall on firm dollar - Business & Finance - Business Recorder

> 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.

- Date: 2024-05-08 · published 2024-05-08T12:00:00.000Z
- Category: market · region Asia · magnitude low
- Page: https://feedsoft.ai/events/5876-asian-currencies-fall-on-firm-dollar-business-and-finance-business-recorder
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

A firmer dollar raises the local-currency cost of dollar-priced feed imports for Asian buyers, though these moves are modest and routine.

## Read by commodity

- DXY: bullish ▲
- USDKRW: bullish ▲
- USDTHB: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40302498

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