
Most Asian currencies strengthened against the US dollar on November 4 as the dollar index fell 0.42% to 101.446 during US midterm vote counting. The yen rose 0.59% to 157.71 per dollar, the won gained 0.52%, and the rupiah firmed 0.11% to 18,115.
The yuan was the weakest, falling 0.16%.
A softer dollar lowers the local-currency cost of imported feed for Asian buyers, with the yuan's weakness a modest offset for Chinese import demand for US farm goods.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.