# Asia forex: Most Asian currencies ease as U.S. tax vote stalls

> Most Asian currencies eased on Friday, December 1, as the U.S. Senate delayed a vote on the Republican tax overhaul over concerns about a larger federal deficit. Analysts said the bill could push U.S. Treasury yields and the dollar higher if it passed. China's November manufacturing activity grew at its weakest pace in five months.

- Date: 2017-12-01 · published 2017-12-01T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/67719-asia-forex-most-asian-currencies-ease-as-u-s-tax-vote-stalls
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A stronger dollar makes dollar-priced grain and oilseed imports more expensive for Asian buyers, though the effect here is small and the vote is still pending. The story is mainly a currency and policy update.

## 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 | 2017-10-06 | [Asian currencies to stay steady, Fed tightening seen curbing gains \| Malay Mail](https://feedsoft.ai/events/6413-asian-currencies-to-stay-steady-fed-tightening-seen-curbing-gains-malay-mail.md) | -0.3% | +1.2% |
| 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 | 2017-08-07 | [What’s next for the most important currency in the world? \| MoneyWeek](https://feedsoft.ai/events/69368-what-s-next-for-the-most-important-currency-in-the-world-moneyweek.md) | -0.2% | -1.1% |
| 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% |
| USDCNY | 2019-06-25 | [Most Asian currencies weaker than they should be against dollar - Nikkei Asia](https://feedsoft.ai/events/58819-most-asian-currencies-weaker-than-they-should-be-against-dollar-nikkei-asia.md) | -0.4% | +0.0% |
| USDCNY | 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) | -0.1% | -1.3% |
| USDCNY | 2021-07-28 | [Asian currencies: Chinese yuan, Hong Kong dollar weaken as China stocks fall](https://feedsoft.ai/events/46285-asian-currencies-chinese-yuan-hong-kong-dollar-weaken-as-china-stocks-fall.md) | -0.6% | -0.6% |

## Sources

- business-standard.com: https://www.business-standard.com/article/reuters/asia-forex-most-asian-currencies-ease-as-u-s-tax-vote-stalls-117120100356_1.html

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