Asian currencies were mixed, with the yuan weakening after the People's Bank of China raised its foreign-exchange reserve requirement ratio by 2 percentage points to 6% from 4%, effective November 15, a move expected to withdraw about $24 billion from the financial system. The won rebounded, with USD/KRW down 0.5% to 1,339.30, while the dollar index held near 101.80, close to a one-month low. Brent crude fell more than 7% on Monday after Tehran said contacts with Washington aimed at ending the eight-month conflict were continuing, as investors awaited the US midterm elections and the October jobs report. South Korea's October exports rose 93.7% year on year, led by a 259.4% jump in semiconductor shipments, while inflation eased to 2.8% from 2.9%. The yuan is still up more than 5% against the dollar this year.
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exchange ratesChinaUS dollarforeign reservesoil pricesSouth Korea
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Related tickers and likely impact
DXY
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 11/02/2026 | 101.80 |
| Change that session | -0.16% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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