# Asia week ahead: Relief for Asia’s busiest central banks | articles | ING THINK

> Asian currencies have recovered recently, easing pressure on central banks to tighten policy. The Indonesian rupiah has gained about 4.4% this month and the Philippine peso is up 1.8% month-to-date against the dollar. Bank Indonesia, the Bangko Sentral ng Pilipinas and the Bank of Thailand are expected to hold rates next week.

- Date: 2018-11-08 · published 2018-11-08T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/62279-asia-week-ahead-relief-for-asia-s-busiest-central-banks-articles-ing-think
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md), [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A softer dollar and lower oil prices reduce currency and inflation pressure on Asian importers, which can ease the cost of dollar-priced feed ingredients. Stable currencies support import demand for feed commodities.

## Read by commodity

- DXY: bearish ▼
- USDIDR: bearish ▼
- USDINR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-05-29 | [G10 FX Week Ahead: Rock around the clock \| ING THINK](https://feedsoft.ai/events/53350-g10-fx-week-ahead-rock-around-the-clock-ing-think.md) | -1.4% | -0.6% |
| DXY | 2021-03-11 | [EUR and ECB: Dovish for bonds, but not for EUR \| articles \| ING THINK](https://feedsoft.ai/events/48339-eur-and-ecb-dovish-for-bonds-but-not-for-eur-articles-ing-think.md) | -0.4% | -0.3% |
| DXY | 2020-04-02 | [FX: In the dollar we do not trust \| articles \| ING THINK](https://feedsoft.ai/events/53574-fx-in-the-dollar-we-do-not-trust-articles-ing-think.md) | -0.5% | -0.8% |
| DXY | 2022-11-11 | [FX Daily: Too early for a broad dollar downtrend \| articles \| ING THINK](https://feedsoft.ai/events/7564-fx-daily-too-early-for-a-broad-dollar-downtrend-articles-ing-think.md) | -0.7% | -1.6% |
| DXY | 2018-01-29 | [G10 FX Week Ahead: State of the dollar \| ING THINK](https://feedsoft.ai/events/67209-g10-fx-week-ahead-state-of-the-dollar-ing-think.md) | +0.4% | +1.0% |

## Sources

- think.ing.com: https://think.ing.com/articles/asia-week-ahead-relief-for-asias-busiest-central-banks/

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