# Asia markets: The Fed, US-China trade, currencies in focus

> Asian shares rose after the Fed left rates unchanged but dropped 'patient' and signaled readiness to act. The 10-year Treasury yield fell below 2% and spot gold rose above 1.6%.

- Date: 2019-06-19 · published 2019-06-19T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/9812-asia-markets-the-fed-us-china-trade-currencies-in-focus
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of Fed rate cuts weaken the dollar and lower financing costs, which supports commodity prices broadly and gold in particular.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-07-27 | [The US-China Conflict Makes The Rupiah The Strongest Currency In The Asia Pacific](https://feedsoft.ai/events/52416-the-us-china-conflict-makes-the-rupiah-the-strongest-currency-in-the-asia.md) | -0.8% | -0.9% |
| DXY | 2021-06-23 | [Asian currencies gain as Fed reassures on rates; Thai cbank in focus \| Financial Post](https://feedsoft.ai/events/46859-asian-currencies-gain-as-fed-reassures-on-rates-thai-cbank-in-focus-financial.md) | -0.6% | +0.4% |
| DXY | 2020-03-02 | [US asset markets: What Fed cuts mean for US Treasuries and the dollar \| articles \| ING THINK](https://feedsoft.ai/events/7151-us-asset-markets-what-fed-cuts-mean-for-us-treasuries-and-the-dollar-articles.md) | -0.8% | +4.0% |
| DXY | 2018-03-04 | [Currency markets send a warning on the US economy](https://feedsoft.ai/events/66191-currency-markets-send-a-warning-on-the-us-economy.md) | -0.6% | -0.8% |
| 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% |

## Sources

- cnbc.com: https://www.cnbc.com/2019/06/20/asia-markets-the-fed-us-china-trade-currencies-in-focus.html

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