Recent data reveals that emerging Asian economies are facing pressures on their currencies due to weaker-than-expected export performance, compounded by a strong USD and the Fed’s hawkish stance. Thailand’s exports fell by 11% in March, significantly missing forecasts, while Vietnam’s exports rose by 10.6% in April, below the expected 14%. The ongoing trade deficits in Thailand and diminishing surplus in Vietnam could lead to continued currency weakness, as their central banks have been cautious about easing monetary policies which might further harm their currencies.