# Dollar surges: rupiah and yen fall, ringgit weakens, Korean won and Chinese yuan hold up

> Most Asian currencies weakened on Thursday as the US dollar extended gains on expectations of Federal Reserve rate hikes. The won and yuan were the only currencies to strengthen, while the Philippine peso showed the sharpest decline.

- Date: 2026-11-12 · published 2026-11-12T06:10:59.524Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/95012-dollar-surges-rupiah-and-yen-fall-ringgit-weakens-korean-won-and-chinese-yuan
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md), [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Philippine Peso (PHP per USD)](https://feedsoft.ai/c/USDPHP.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A stronger dollar and weaker Asian currencies raise the local cost of dollar-priced feed imports, which can dampen import demand in those markets.

## Read by commodity

- DXY: bullish ▲
- USDIDR: bullish ▲
- USDJPY: bullish ▲
- USDMYR: bullish ▲
- USDPHP: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2016-06-27 | [China Weakens Yuan Fixing by Most Since August as Dollar Surges - Bloomberg](https://feedsoft.ai/events/12454-china-weakens-yuan-fixing-by-most-since-august-as-dollar-surges-bloomberg.md) | -0.4% | +0.9% |
| DXY | 2020-01-20 | [Dollar holds firm after strong US data, Chinese yuan extends run](https://feedsoft.ai/events/7876-dollar-holds-firm-after-strong-us-data-chinese-yuan-extends-run.md) | +0.6% | +1.3% |
| DXY | 2024-04-16 | [China's cycle of dollar hoarding and weakening yuan gets vicious](https://feedsoft.ai/events/30951-china-s-cycle-of-dollar-hoarding-and-weakening-yuan-gets-vicious.md) | +0.5% | -0.3% |
| DXY | 2026-10-01 | [S. Korean won weakens against US dollar on lingering worries over higher yields - The Korea Times](https://feedsoft.ai/events/17293-s-korean-won-weakens-against-us-dollar-on-lingering-worries-over-higher-yields.md) | +0.2% | +0.6% |
| DXY | 2025-10-30 | [Yen weakens after BOJ holds rates steady, Fed boosts dollar](https://feedsoft.ai/events/22641-yen-weakens-after-boj-holds-rates-steady-fed-boosts-dollar.md) | +1.1% | +0.4% |

## Sources

- cnbcindonesia.com: https://www.cnbcindonesia.com/research/20261112101624-128-784539/dolar-mengamuk-rupiah-yen--ringgit-jatuh-korsel-china-selamat

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