# Asian currencies rise as dollar falls; yuan weakens after PBOC move

> Most Asian currencies rose on November 4 as the dollar weakened amid uncertainty over US midterm results. The Chinese yuan kept falling after Beijing acted to curb its recent rally. The Australian dollar stayed near a two-week low after the RBA raised rates to 4.85%, a split 6-3 decision.

- Date: 2026-11-04 · published 2026-11-04T06:10:17.642Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/79229-asian-currencies-rise-as-dollar-falls-yuan-weakens-after-pboc-move
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker yuan can make Chinese purchases of US farm goods more expensive and affect demand for dollar-priced commodities. A softer dollar index tends to support commodity prices.

## Read by commodity

- DXY: bearish ▼
- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2019-06-25 | [Most Asian currencies weaker than they should be against dollar - Nikkei Asia](https://feedsoft.ai/events/58819-most-asian-currencies-weaker-than-they-should-be-against-dollar-nikkei-asia.md) | -0.4% | +0.0% |
| USDCNY | 2016-11-25 | [Dollar pulls back after skittling  world currencies](https://feedsoft.ai/events/74038-dollar-pulls-back-after-skittling-world-currencies.md) | -0.5% | +0.4% |
| USDCNY | 2023-01-17 | [Indian rupee weakens on yuan-led slide on Asian currencies - Markets - Business Recorder](https://feedsoft.ai/events/38053-indian-rupee-weakens-on-yuan-led-slide-on-asian-currencies-markets-business.md) | +1.3% | +1.8% |
| USDCNY | 2016-11-25 | [Fragile Asian currencies set for weekly losses on rising dollar, US yields - Malaysia Today](https://feedsoft.ai/events/74106-fragile-asian-currencies-set-for-weekly-losses-on-rising-dollar-us-yields.md) | -0.5% | +0.4% |
| DXY | 2021-01-05 | [Dollar falls as yuan fix lifts risk currencies, Georgia elections in focus](https://feedsoft.ai/events/12069-dollar-falls-as-yuan-fix-lifts-risk-currencies-georgia-elections-in-focus.md) | +0.6% | +0.9% |
| DXY | 2018-01-25 | [Dollar weakness a double-edged sword for Asian currencies](https://feedsoft.ai/events/67222-dollar-weakness-a-double-edged-sword-for-asian-currencies.md) | -0.3% | +0.7% |
| DXY | 2022-12-07 | [Dollar falls against major currencies amid economy concerns; yuan strengthens \| Reuters](https://feedsoft.ai/events/6576-dollar-falls-against-major-currencies-amid-economy-concerns-yuan-strengthens.md) | -1.0% | -0.7% |

## Sources

- vn.investing.com: https://vn.investing.com/news/forex-news/dong-tien-chau-a-tang-khi-usd-ha-nhiet-nhan-dan-te-van-chiu-ap-luc-2753654

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