# Asian FX gains as dollar falls on U.S. midterm results, yuan weakens on PBOC move

> Asian currencies mostly strengthened on Wednesday as the dollar retreated ahead of U.S. midterm results, while the yuan weakened after Beijing moved to curb its recent rally. The Australian dollar stayed near a two-week low after the Reserve Bank of Australia raised its cash rate 25 basis points to 4.85% in a split 6-3 vote. The dollar index fell 0.5% to 101.34.

- Date: 2026-11-04 · published 2026-11-04T06:08:03.884Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/79186-asian-fx-gains-as-dollar-falls-on-u-s-midterm-results-yuan-weakens-on-pboc-move
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A weaker yuan raises the cost of Chinese imports of feed ingredients priced in dollars, which can temper Chinese purchasing demand. The softer dollar and tighter Australian policy both feed into currency-linked commodity prices.

## Read by commodity

- DXY: bearish ▼
- AUDUSD: bearish ▼
- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-12-04 | [Brazil stocks gain; real firms as U.S. dollar weakens](https://feedsoft.ai/events/61764-brazil-stocks-gain-real-firms-as-u-s-dollar-weakens.md) | +0.7% | -0.4% |
| DXY | 2019-10-31 | [Gold gains as dollar weakens after Fed's interest rate cut](https://feedsoft.ai/events/56483-gold-gains-as-dollar-weakens-after-fed-s-interest-rate-cut.md) | -0.1% | +0.8% |
| DXY | 2020-02-28 | [Baht gains more ground, as US dollar weakens](https://feedsoft.ai/events/54839-baht-gains-more-ground-as-us-dollar-weakens.md) | -0.5% | +4.3% |
| DXY | 2025-03-04 | [Euro gains after German debt reform; US dollar falls](https://feedsoft.ai/events/5800-euro-gains-after-german-debt-reform-us-dollar-falls.md) | -1.2% | -0.8% |
| DXY | 2023-11-24 | [Gold leaps above $2,000 as dollar weakens on Fed pause bets \| Reuters](https://feedsoft.ai/events/33076-gold-leaps-above-2-000-as-dollar-weakens-on-fed-pause-bets-reuters.md) | -0.4% | -1.1% |
| USDCNY | 2022-12-28 | [China's yuan weakens as U.S. dollar gains on sustained inflation outlook \| Financial Post](https://feedsoft.ai/events/38448-china-s-yuan-weakens-as-u-s-dollar-gains-on-sustained-inflation-outlook.md) | -1.0% | -2.4% |
| USDCNY | 2021-07-28 | [Asian currencies: Chinese yuan, Hong Kong dollar weaken as China stocks fall](https://feedsoft.ai/events/46285-asian-currencies-chinese-yuan-hong-kong-dollar-weaken-as-china-stocks-fall.md) | -0.6% | -0.6% |
| USDCNY | 2024-12-03 | [CNY/USD: China’s Yuan Falls to One-Year Low on Tariff Risk, Dollar Gains - Bloomberg](https://feedsoft.ai/events/27168-cny-usd-china-s-yuan-falls-to-one-year-low-on-tariff-risk-dollar-gains-bloomberg.md) | -0.2% | +0.4% |

## Sources

- au.investing.com: https://au.investing.com/news/forex-news/asian-fx-gains-as-dollar-falls-on-us-midterm-results-yuan-weakens-on-pboc-move-4740165
- ca.investing.com: https://ca.investing.com/news/forex-news/asian-fx-gains-as-dollar-falls-on-us-midterm-results-yuan-weakens-on-pboc-move-4927673
- ph.investing.com: https://ph.investing.com/news/forex-news/asian-fx-gains-as-dollar-falls-on-us-midterm-results-yuan-weakens-on-pboc-move-2672444
- investing.com: https://www.investing.com/news/forex-news/asian-currencies-rise-as-dollar-retreats-from-monthly-rally-yuan-remains-under-pr-4997237

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