# Asian FX Mixed After PBOC Tightening; South Korean Won Gains Ground

> Asian currencies moved in different directions on Tuesday after the PBOC raised its foreign exchange reserve requirement ratio, which weighed on the yuan. The South Korean won strengthened about 0.5% to 1,339.30 per dollar on strong October export data. The dollar index was near a one-month low as oil fell on diplomatic contacts over the Middle East.

- Date: 2026-11-03 · published 2026-11-03T18:38:35.624Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/78306-asian-fx-mixed-after-pboc-tightening-south-korean-won-gains-ground
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Currency moves in South Korea and China affect the purchasing power of two major Asian importers of feed grains and meal. A stronger won supports Korean import demand, while the yuan's pullback slightly weighs on Chinese buying in dollar terms.

## Read by commodity

- USDCNY: bullish ▲
- USDKRW: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2017-01-03 | [Yuan starts 2017 weaker after PBOC cuts fixing by most in two weeks \| South China Morning Post](https://feedsoft.ai/events/10250-yuan-starts-2017-weaker-after-pboc-cuts-fixing-by-most-in-two-weeks-south-china.md) | -0.1% | -1.0% |
| USDCNY | 2022-05-11 | [How PBOC might respond to China's weakening yuan](https://feedsoft.ai/events/10987-how-pboc-might-respond-to-china-s-weakening-yuan.md) | +0.0% | -0.8% |
| USDCNY | 2019-11-28 | [Yen gains, yuan falls as Hong Kong tensions heighten risk aversion \| Reuters](https://feedsoft.ai/events/56291-yen-gains-yuan-falls-as-hong-kong-tensions-heighten-risk-aversion-reuters.md) | +0.2% | -0.5% |
| USDCNY | 2017-09-21 | [Across The Border \| Why Beijing’s tight grip on the economy is bad news for the yuan \| South China Morning Post](https://feedsoft.ai/events/69190-across-the-border-why-beijing-s-tight-grip-on-the-economy-is-bad-news-for-the.md) | +1.1% | +0.6% |
| USDCNY | 2016-10-09 | [Flash crash of pound piles pressure on already weak yuan \| South China Morning Post](https://feedsoft.ai/events/5891-flash-crash-of-pound-piles-pressure-on-already-weak-yuan-south-china-morning.md) | +1.0% | +1.6% |

## Sources

- tradevae.com: https://www.tradevae.com/news/currencies/asian-fx-mixed-after-pboc-tightening-south-korean-won-gains-ground/

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