Most Asian currencies edged higher on Monday as the dollar stabilized after its sharp rise following stronger-than-expected US jobs data. Markets priced in nearly an 80% chance of a Federal Reserve rate increase in December and awaited US inflation data; the South Korean won led regional gains.
A softer dollar against Asian currencies can lower the local-currency cost of imported feed commodities in the region. The currency moves suggest modest relief for importers, though the expected Fed decision remains a risk.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.