# Won Becomes Asia's Star: Peso, Rupiah, Yuan - Ringgit Slumps Together

> Most Asian currencies weakened against the US dollar on Tuesday, with the Korean won the strongest and the Philippine peso the weakest. Oil prices fell about 7% on Monday after talks between Iranian and Qatari officials raised hopes of easing Middle East tensions.

- Date: 2026-11-03 · published 2026-11-03T06:09:10.114Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/77082-won-becomes-asia-s-star-peso-rupiah-yuan-ringgit-slumps-together
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Lower oil prices reduce import costs for oil-importing Asian economies, which can support their currencies. The dollar index held near 101.8 as expectations of further US rate hikes persisted, limiting gains.

## Read by commodity

- DXY: neutral
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2018-12-20 | [Indian Rupee: Rupee's year-end rally heralds a brighter 2019 as oil slumps - Times of India](https://feedsoft.ai/events/61851-indian-rupee-rupee-s-year-end-rally-heralds-a-brighter-2019-as-oil-slumps-times.md) | -8.1% | +10.6% |
| BRENT | 2026-09-18 | [Ringgit opens higher against US dollar as oil prices ease \| The Star](https://feedsoft.ai/events/17729-ringgit-opens-higher-against-us-dollar-as-oil-prices-ease-the-star.md) | -0.3% | +5.0% |
| BRENT | 2026-05-29 | [Ringgit opens higher against US$ in improved sentiment \| The Star](https://feedsoft.ai/events/19534-ringgit-opens-higher-against-us-in-improved-sentiment-the-star.md) | +4.9% | -15.5% |
| BRENT | 2021-05-23 | [Ringgit dijangka berlegar antara 4.12 dan 4.16 berbanding dolar AS](https://feedsoft.ai/events/47367-ringgit-dijangka-berlegar-antara-4-12-dan-4-16-berbanding-dolar-as.md) | +4.4% | +12.2% |
| BRENT | 2023-03-16 | [Oil slumps nearly 5% to lowest in more than a year as banking fears mount](https://feedsoft.ai/events/37047-oil-slumps-nearly-5-to-lowest-in-more-than-a-year-as-banking-fears-mount.md) | +3.2% | +16.6% |
| DXY | 2024-08-30 | [Rupiah merosot seiring pasar tunggu rilis PCE AS - ANTARA News](https://feedsoft.ai/events/29120-rupiah-merosot-seiring-pasar-tunggu-rilis-pce-as-antara-news.md) | +0.2% | -0.9% |
| DXY | 2024-01-26 | [Ringgit Weakness To Persist](https://feedsoft.ai/events/32377-ringgit-weakness-to-persist.md) | -0.4% | +0.2% |
| DXY | 2023-04-27 | [China's small steps on offshore use of yuan are starting to add up \| Reuters](https://feedsoft.ai/events/36605-china-s-small-steps-on-offshore-use-of-yuan-are-starting-to-add-up-reuters.md) | -0.2% | +1.0% |

## Sources

- cnbcindonesia.com: https://www.cnbcindonesia.com/research/20261103092623-128-781785/won-jadi-bintang-asia-peso-rupiah-yuan--ringgit-ambruk-berjamaah

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