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US Dollar mostly strengthened versus ASEAN currencies this past week Rising longer-term Treasury yields, idling ASEAN equities key factors ASEAN, Key News Ahead: Singapore CPI, Thailand trade, Fed Chair US Dollar ASEAN Weekly Recap Last week, the US Dollar saw some strength against ASEAN currencies. It was relatively unchanged against the Singapore Dollar, while gaining ground against the Indonesian Rupiah and Thai Baht slightly. A notable standout was the Philippine Peso, which weakened 0.85% against the Greenback. In fact, USD /PHP rose the most since March, almost one year ago. The MSCI Emerging Markets Index fell about 0.5%. Over the past 5 trading sessions, global funds sold the most amount of Philippine equities since late January, according to Bloomberg. These capital outflows may have pressured PHP, which can be quite sensitive to them. Meanwhile, the Bank of Indonesia cut its 7-day reverse repo rate to 3.50% from 3.75% prior, as expected. While USD/IDR gained, the

United statesJerome powellBenjamin dioknoDaniel dubrovskySenate banking committee onCongress house committee on financial servicesWhile the bankPhilippine central bankSingapore dollarThai bahtIndonesian rupiahIndian rupeeFundamental analysisTalking pointsKey news aheadFed chair