# [Dollar Dominance]② The Dollar's Strength Lies in Enduring the Current Account Deficit... Sensitive to Economic Slumps in Korea, China, and Japan Currencies - The Asia Business Daily

> The won-dollar rate rose to 1,349.5 on September 26 and opened at 1,355 on September 27, its weakest level of the year. The yen fell below 149 per dollar and the yuan held above 7.31, as the dollar strengthened while Asian currencies weakened.

- Date: 2023-09-27 · published 2023-09-27T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/34362-dollar-dominance-2-the-dollar-s-strength-lies-in-enduring-the-current-account
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Broad dollar strength against Asian currencies makes imports more expensive for Korean, Chinese and Japanese feed buyers and can shift demand toward cheaper origins, while pressuring dollar-denominated commodity prices.

## Read by commodity

- DXY: bullish ▲
- USDCNY: bullish ▲
- USDJPY: bullish ▲
- USDKRW: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-10-26 | [China's yuan weakens on US dollar strength, set for 2nd weekly loss - The Business Times](https://feedsoft.ai/events/68677-china-s-yuan-weakens-on-us-dollar-strength-set-for-2nd-weekly-loss-the-business.md) | +0.4% | -1.2% |
| DXY | 2026-09-29 | [The Mexican ‘superpeso’ is over: Currency’s losses deepen to 18 pesos per dollar, its weakest level since last March \| Economy and Business \| EL PAÍS English](https://feedsoft.ai/events/17684-the-mexican-superpeso-is-over-currency-s-losses-deepen-to-18-pesos-per-dollar.md) | +0.5% | +0.8% |
| DXY | 2024-03-24 | [Strong US dollar hits Thai baht, Malaysian ringgit hardest among Asean currencies  - The Business Times](https://feedsoft.ai/events/31494-strong-us-dollar-hits-thai-baht-malaysian-ringgit-hardest-among-asean.md) | -0.1% | +1.6% |
| DXY | 2023-02-27 | [Indonesia's rupiah charges to the top of Asia's best-performing currencies - The Business Times](https://feedsoft.ai/events/37656-indonesia-s-rupiah-charges-to-the-top-of-asia-s-best-performing-currencies-the.md) | -0.7% | -0.9% |
| DXY | 2021-03-24 | [China's yuan slips on dollar strength, Sino-West tensions - Markets - Business Recorder](https://feedsoft.ai/events/48336-china-s-yuan-slips-on-dollar-strength-sino-west-tensions-markets-business.md) | +0.8% | -0.9% |
| USDCNY | 2017-10-26 | [China's yuan weakens on US dollar strength, set for 2nd weekly loss - The Business Times](https://feedsoft.ai/events/68677-china-s-yuan-weakens-on-us-dollar-strength-set-for-2nd-weekly-loss-the-business.md) | -0.5% | -0.5% |
| USDCNY | 2023-06-21 | [China's yuan dips to 7-month low on lack of stimulus news, dollar strength \| The Business Standard](https://feedsoft.ai/events/11236-china-s-yuan-dips-to-7-month-low-on-lack-of-stimulus-news-dollar-strength-the.md) | +0.5% | +0.6% |
| USDCNY | 2017-04-25 | [China's yuan dips against US dollar, falls to record low against currency basket - The Business Times](https://feedsoft.ai/events/71709-china-s-yuan-dips-against-us-dollar-falls-to-record-low-against-currency-basket.md) | +0.1% | -0.0% |

## Sources

- asiae.co.kr: https://www.asiae.co.kr/en/article/2023092708030728955

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