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Southeast Asian currencies amid US data

Updated 1 time since CLSTR started tracking revisions of this situation.

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2026-08-07 03:17 UTC → 2026-08-08 02:23 UTC · added removed

In early August, August the Malaysian ringgit remained was largely stable despite a modest 0.05% weakening against a softer U.S. dollar, while analysts highlighted potential pressure from market volatility, geopolitical uncertainty and expectations of further Federal Reserve rate hikes. A Reuters poll projected stable, slipping 0.05 % as the dollar would hold firm before weakening later in softened, while the year, and noted that recent Japanese yen interventions were unlikely to reverse yen weakness. Indonesian rupiah slipped modestly. Two days later, later the ringgit opened slightly higher and stayed near its previous level as markets anticipated ahead of the upcoming U.S. non‑farm payroll report, which could boost the dollar. At the same time, heightened tension in and the Strait of Hormuz lifted oil prices, increasing demand for safe‑haven assets. The Indonesian rupiah slipped modestly against the dollar, also reflecting the same fell amid Middle‑East risk and expectations of tighter U.S. monetary policy. Both snapshots show regional By 7 August the ringgit remained little changed against the dollar, with analysts pointing to a stronger U.S. dollar index and lingering Strait of Hormuz tensions as headwinds. The rupiah, however, closed about 0.15 % stronger at 17,897 per dollar, supported by Bank Indonesia’s reported foreign‑exchange reserves, solid second‑quarter GDP growth and a de‑escalation of Iran‑Oman diplomatic tensions that reduced safe‑haven demand. Overall the two currencies have shown resilience, reacting to the same set of global drivers: drivers – U.S. labour‑market data, Fed rate expectations, expectations and Middle‑East geopolitical risk. developments – while local economic fundamentals and central‑bank actions provide additional support.

Versions

  1. 2026-08-08 02:23 UTC Southeast Asian currencies amid US data
  2. 2026-08-07 03:17 UTC Southeast Asian currencies amid US data

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