# Emerging Asian currencies edge up as dollar sinks; yuan heads for third straight monthly gain

> Most emerging Asian currencies rose on Monday as the dollar fell to multi-year lows after weak US wage and inflation data and the Senate's failure to repeal Obamacare. The yuan firmed to its strongest midpoint in over nine months and was on track for a third monthly gain. The Japanese yen also reached a near seven-week high.

- Date: 2017-07-31 · published 2017-07-31T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/70202-emerging-asian-currencies-edge-up-as-dollar-sinks-yuan-heads-for-third-straight
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A weaker dollar and stronger Asian currencies can raise the local-currency cost of US imports, including feed, but the effect on US commodity prices is modest. Stronger yuan may slightly support Chinese import purchasing power.

## Read by commodity

- DXY: bearish ▼
- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-01-25 | [Dollar weakness a double-edged sword for Asian currencies](https://feedsoft.ai/events/67222-dollar-weakness-a-double-edged-sword-for-asian-currencies.md) | -0.3% | +0.7% |
| 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 | 2025-04-29 | [Asian Currencies Climb As US Dollar Feels The Heat - Finimize](https://feedsoft.ai/events/25388-asian-currencies-climb-as-us-dollar-feels-the-heat-finimize.md) | -0.4% | -0.9% |
| DXY | 2023-03-20 | [EMERGING MARKETS-Latam currencies rise against soft dollar \| Kitco News](https://feedsoft.ai/events/37068-emerging-markets-latam-currencies-rise-against-soft-dollar-kitco-news.md) | -0.9% | -2.2% |
| 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% |
| USDCNY | 2020-03-11 | [Chinese Currency Rises Against US Dollar For Five Straight Days](https://feedsoft.ai/events/10774-chinese-currency-rises-against-us-dollar-for-five-straight-days.md) | +0.7% | +1.3% |
| USDCNY | 2026-09-24 | [Vietnamese Dong Gains Ground as Dollar Weakens Against Asian Currencies](https://feedsoft.ai/events/17759-vietnamese-dong-gains-ground-as-dollar-weakens-against-asian-currencies.md) | -0.1% | -0.5% |
| USDCNY | 2021-01-05 | [Dollar falls as yuan fix lifts risk currencies, Georgia elections in focus](https://feedsoft.ai/events/12069-dollar-falls-as-yuan-fix-lifts-risk-currencies-georgia-elections-in-focus.md) | +0.3% | +0.0% |

## Sources

- zeebiz.com: https://www.zeebiz.com/world/report-emerging-asian-currencies-edge-up-as-dollar-sinks-yuan-heads-for-third-straight-monthly-gain-20039

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