Most Asian currencies slip against the dollar as South Korean won defies trend
According to Reuters, most Asian currencies were weaker against the dollar at 0202 GMT, while the South Korean won gained 0.33%, standing out in the region.
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what happened
According to Reuters, most Asian currencies had weakened against the dollar at 0202 GMT. The South Korean won was the exception: the dollar bought 1341.60 won, down from 1346.05 the previous day, a 0.33% gain for the won. The peso lost 0.47%, the Taiwan dollar 0.32%, the yuan 0.27% and the ringgit 0.20%.
Year to date the picture is mixed. The won has risen 7.37%, the yuan 4.83% and the Singapore dollar 0.41%. The steepest declines against the dollar belong to the Indonesian rupiah (-8.08%), the peso (-7.32%) and the Thai baht (-6.72%).
why it matters
For markets, the cumulative move matters as much as the daily one. The won and the yuan have held up better than most regional currencies, while the rupiah, peso and baht remain under visible pressure. Moves of a few tenths of a percent are typically routine trading and do not establish a new trend without further signals.
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- Asian currencies mostly lower; South Korean won bucks trend — Reuters, 3 November 2026 at 02:05 UTC
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