# Asian currencies to stay steady, Fed tightening seen curbing gains | Malay Mail

> A Reuters poll of over 50 FX strategists expects Asian currencies to hold roughly steady over the next year. The Fed announced it would begin shrinking its bond portfolio and signaled a possible December hike. The Thai baht and Chinese yuan had gained strongly against the dollar year to date.

- Date: 2017-10-06 · published 2017-10-06T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/6413-asian-currencies-to-stay-steady-fed-tightening-seen-curbing-gains-malay-mail
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expected US rate hikes limit further gains in Asian currencies, which affects the purchasing power of Asian feed importers. The forecast is for stability, so the price impact is small.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-08-28 | [Asian currencies tread water as markets await cues on Fed cuts](https://feedsoft.ai/events/29077-asian-currencies-tread-water-as-markets-await-cues-on-fed-cuts.md) | +0.5% | -0.3% |
| DXY | 2023-08-28 | [Where the currents of currencies flow \| StashAway Malaysia](https://feedsoft.ai/events/34852-where-the-currents-of-currencies-flow-stashaway-malaysia.md) | +0.2% | +1.3% |
| DXY | 2017-12-01 | [Asia forex: Most Asian currencies ease as U.S. tax vote stalls](https://feedsoft.ai/events/67719-asia-forex-most-asian-currencies-ease-as-u-s-tax-vote-stalls.md) | +0.5% | -0.3% |
| DXY | 2025-05-07 | [Dollar languishes ahead of Federal Reserve meeting, Asian currencies calmer](https://feedsoft.ai/events/9623-dollar-languishes-ahead-of-federal-reserve-meeting-asian-currencies-calmer.md) | +0.8% | -0.8% |
| DXY | 2023-01-31 | [Local Currency Depreciates Against the Greenback Ahead of Fed’s Meeting (Updated)](https://feedsoft.ai/events/38040-local-currency-depreciates-against-the-greenback-ahead-of-fed-s-meeting-updated.md) | +1.4% | +2.1% |

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2017/10/06/asian-currencies-to-stay-steady-fed-tightening-seen-curbing-gains/1481141

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