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Daiwa Capital Markets' Asia chief economist PK Basu says fears of a currency war are overdone and that Asian currencies should appreciate, with China most in need. He cites Malaysia and Thailand as having already appreciated around 10% against the dollar, and the renminbi as having risen about 2.5% in the past month.
Stronger Asian currencies would make dollar-priced vegetable oil and feed imports cheaper for regional buyers, but the comments are opinion and do not indicate a firm price move.
theedgemalaysia.comNov 2, 2026After 991 past macro events, Chinese Yuan (CNY per USD) moved a median -0.0% over 5 sessions (49% higher; middle half -0.3% to +0.3%), and -0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
