# Emerging-market central banks are losing battle against traders | FMT

> Emerging-market central banks are struggling to defend their currencies against market pressure. Indonesia raised rates by 50 basis points, the Philippine peso hit a 12-year low despite a rate hike, and the Indian rupee reached an all-time low.

- Date: 2018-06-29 · published 2018-06-29T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/64768-emerging-market-central-banks-are-losing-battle-against-traders-fmt
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Weak emerging-market currencies lift local costs of imported feed grains and oilseed meals, and rising oil prices add to importers' expenses in India and Southeast Asia.

## Read by commodity

- DXY: bullish ▲
- BRENT: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-09-21 | [Stocks fall, yields rise as central banks rattle markets](https://feedsoft.ai/events/34308-stocks-fall-yields-rise-as-central-banks-rattle-markets.md) | +1.7% | +2.3% |
| DXY | 2021-07-28 | [Markets tire of anti-greenback bet as central banks diverge - The Globe and Mail](https://feedsoft.ai/events/46294-markets-tire-of-anti-greenback-bet-as-central-banks-diverge-the-globe-and-mail.md) | -0.4% | +0.4% |
| DXY | 2022-01-28 | [Global Market Insights: Markets, currencies react to central banks’ signals; TSX earnings rise seen \| article](https://feedsoft.ai/events/43393-global-market-insights-markets-currencies-react-to-central-banks-signals-tsx.md) | -0.9% | -0.6% |
| DXY | 2021-01-08 | [Treasury Yield Surge Rattles Emerging-Market Currencies in Asia - Infobae](https://feedsoft.ai/events/49393-treasury-yield-surge-rattles-emerging-market-currencies-in-asia-infobae.md) | -0.1% | +0.7% |
| DXY | 2021-10-12 | [Money markets ramp up global rate hike bets, add pressure on central banks \| Reuters](https://feedsoft.ai/events/44808-money-markets-ramp-up-global-rate-hike-bets-add-pressure-on-central-banks.md) | -0.5% | -0.7% |
| BRENT | 2018-07-03 | [Rupee tanks to new 5-year low against US dollar: 5 key reasons - Market News \| The Financial Express](https://feedsoft.ai/events/64317-rupee-tanks-to-new-5-year-low-against-us-dollar-5-key-reasons-market-news-the.md) | +0.7% | -2.6% |
| BRENT | 2017-09-27 | [Global trade upturn aids oil market rebalancing: Kemp](https://feedsoft.ai/events/69114-global-trade-upturn-aids-oil-market-rebalancing-kemp.md) | -5.1% | -1.7% |
| BRENT | 2018-04-30 | [Higher oil prices to divide emerging markets, benefit Malaysia](https://feedsoft.ai/events/65778-higher-oil-prices-to-divide-emerging-markets-benefit-malaysia.md) | -0.2% | +2.0% |

## Sources

- freemalaysiatoday.com: https://www.freemalaysiatoday.com/category/business/2018/06/29/emerging-market-central-banks-are-losing-battle-against-traders

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