# Currency Outlook: Singapore Dollar, South Korean Won, Indonesian Rupiah, Chinese Yuan And Malaysian Ringgit & Mexican Peso

> Analysts assessed the impact of a dovish Fed on emerging-market currencies after the FOMC removed its projected 2019 rate hikes, with a majority of members now seeing zero hikes. Currencies covered include the Singapore dollar, Korean won, rupiah, yuan, ringgit and peso.

- Date: 2019-03-21 · published 2019-03-21T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/60369-currency-outlook-singapore-dollar-south-korean-won-indonesian-rupiah-chinese
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A softer Fed path tends to weaken the dollar and support emerging-market currencies, which lowers the local cost of dollar-denominated feed imports across Asia and Mexico.

## Read by commodity

- DXY: bearish ▼
- USDCNY: bearish ▼
- USDMXN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-04-29 | [Asian Currencies: Thai Baht, Singapore Dollar, Turkish Lira, Indonesian Rupiah In Review](https://feedsoft.ai/events/59826-asian-currencies-thai-baht-singapore-dollar-turkish-lira-indonesian-rupiah-in.md) | -0.2% | +0.5% |
| DXY | 2017-02-06 | [Currency of Indonesia: Rupiah versus US Dollar on Monday \| Indonesia Investments](https://feedsoft.ai/events/72809-currency-of-indonesia-rupiah-versus-us-dollar-on-monday-indonesia-investments.md) | +0.5% | +0.7% |
| DXY | 2025-02-24 | [South Korean Won Rises on Weak US Dollar](https://feedsoft.ai/events/26307-south-korean-won-rises-on-weak-us-dollar.md) | +0.9% | -0.7% |
| DXY | 2017-07-28 | [IMF says dollar overvalued while China’s yuan and Japanese yen in line with fundamentals \| South China Morning Post](https://feedsoft.ai/events/70194-imf-says-dollar-overvalued-while-china-s-yuan-and-japanese-yen-in-line-with.md) | -0.3% | -0.4% |
| DXY | 2021-08-27 | [Asian Currency Outlook: Bearish Bets Decline as Dollar Eases](https://feedsoft.ai/events/45814-asian-currency-outlook-bearish-bets-decline-as-dollar-eases.md) | -0.9% | -0.0% |
| USDCNY | 2018-02-23 | [Chinese yuan against the dollar: China currency appreciation](https://feedsoft.ai/events/66714-chinese-yuan-against-the-dollar-china-currency-appreciation.md) | +0.1% | -0.3% |
| USDCNY | 2025-12-30 | [Chinese Yuan Breaks Through 7-Per-Dollar Level In Onshore Market](https://feedsoft.ai/events/21743-chinese-yuan-breaks-through-7-per-dollar-level-in-onshore-market.md) | -0.3% | -0.8% |
| USDCNY | 2017-05-26 | [Ringgit jumps on Opec, yuan at three-month high, other Asian currencies drift \| Malay Mail](https://feedsoft.ai/events/71274-ringgit-jumps-on-opec-yuan-at-three-month-high-other-asian-currencies-drift.md) | -0.9% | -0.5% |

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/25107/2019-03-21-emerging-currencies-update-singapore-dollar-south-korean-won-indonesian-rupiah-chinese-yuan-and-malaysian-ringgit--mexican-peso.html

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