# Fragile Asian currencies set for weekly losses on rising dollar, US yields - Malaysia Today

> Most emerging Asian currencies were set for weekly losses as a stronger dollar and higher US Treasury yields pushed global investors out of regional assets. The Indian rupee neared a record low before central bank intervention, and the yuan eased from an 8.5-year low. Analysts expect pressure to persist because of expected US rate hikes and Trump's protectionist trade stance.

- Date: 2016-11-25 · published 2016-11-25T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/74106-fragile-asian-currencies-set-for-weekly-losses-on-rising-dollar-us-yields
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A broad Asian currency sell-off raises the local-currency cost of imported feed and oilseeds for buyers in the region, while weak exporter currencies can support their export competitiveness.

## Read by commodity

- DXY: bullish ▲
- USDCNY: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2017-10-26 | [China's yuan weakens on US dollar strength, set for 2nd weekly loss - The Business Times](https://feedsoft.ai/events/68677-china-s-yuan-weakens-on-us-dollar-strength-set-for-2nd-weekly-loss-the-business.md) | -0.5% | -0.5% |
| USDCNY | 2024-04-16 | [Resurgent Dollar, Higher Yields Send EM Currencies to 2024 Lows - Bloomberg](https://feedsoft.ai/events/11278-resurgent-dollar-higher-yields-send-em-currencies-to-2024-lows-bloomberg.md) | +0.0% | -0.1% |
| 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% |
| 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 | 2024-03-27 | [Asian currencies at multi-month lows against US dollar; stocks mixed - Markets - Business Recorder](https://feedsoft.ai/events/31453-asian-currencies-at-multi-month-lows-against-us-dollar-stocks-mixed-markets.md) | +0.2% | +0.4% |
| DXY | 2017-10-26 | [China's yuan weakens on US dollar strength, set for 2nd weekly loss - The Business Times](https://feedsoft.ai/events/68677-china-s-yuan-weakens-on-us-dollar-strength-set-for-2nd-weekly-loss-the-business.md) | +0.4% | -1.2% |
| DXY | 2020-01-30 | [US Dollar On A Two-Month High, Asian Currencies Consistently Declining](https://feedsoft.ai/events/55323-us-dollar-on-a-two-month-high-asian-currencies-consistently-declining.md) | +0.3% | +1.4% |
| DXY | 2023-11-16 | [The Impact of the Strong U.S. Dollar on Asian Currencies](https://feedsoft.ai/events/12030-the-impact-of-the-strong-u-s-dollar-on-asian-currencies.md) | -0.3% | -1.2% |

## Sources

- malaysia-today.net: https://www.malaysia-today.net/2016/11/25/fragile-asian-currencies-set-for-weekly-losses-on-rising-dollar-us-yields/

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