# Dollar weakness a double-edged sword for Asian currencies

> Asian currencies are rallying against the US dollar, with the Thai baht at its lowest USD/THB level since November 2013 after comments from US Treasury Secretary Mnuchin. Malaysia's ringgit is also strengthening on growth prospects and inflation, and South Korea has already intervened in its market.

- Date: 2018-01-25 · published 2018-01-25T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/67222-dollar-weakness-a-double-edged-sword-for-asian-currencies
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md), [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Persistent dollar weakness raises the cost of Asian export goods and may slow regional growth, while a weaker dollar generally supports dollar-priced commodities such as grains and oilseeds.

## Read by commodity

- DXY: bearish ▼
- USDKRW: bearish ▼
- USDMYR: bearish ▼
- USDTHB: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-03-13 | [Thai baht climbs as Asian currencies gain on weak US dollar](https://feedsoft.ai/events/37133-thai-baht-climbs-as-asian-currencies-gain-on-weak-us-dollar.md) | +0.3% | -1.6% |
| DXY | 2024-09-21 | [Fed’s rate cut a double-edged sword for Vietnam: VinaCapital](https://feedsoft.ai/events/28632-fed-s-rate-cut-a-double-edged-sword-for-vietnam-vinacapital.md) | -0.2% | +2.5% |
| DXY | 2017-01-31 | [EM ASIA FX-Asian currencies firmer as Trump policy worries dent dollar](https://feedsoft.ai/events/73240-em-asia-fx-asian-currencies-firmer-as-trump-policy-worries-dent-dollar.md) | -0.6% | -0.6% |
| DXY | 2017-07-31 | [Emerging Asian currencies edge up as dollar sinks; yuan heads for third straight monthly gain](https://feedsoft.ai/events/70202-emerging-asian-currencies-edge-up-as-dollar-sinks-yuan-heads-for-third-straight.md) | +0.3% | -0.5% |
| DXY | 2020-07-27 | [Dollar’s weakness boosts rally in commodities and currencies - Gulf Times](https://feedsoft.ai/events/5318-dollar-s-weakness-boosts-rally-in-commodities-and-currencies-gulf-times.md) | -0.8% | -0.9% |

## Sources

- investinglive.com: https://investinglive.com/news/!/dollar-weakness-a-double-edged-sword-for-asian-currencies-20180125

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