Dollar Supported by Strength in US Economic News

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• Asian currencies mixed as yuan slides after PBOC move, won rebounds

  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.

  Yahoo Finance·03/11, 04:49• DXYexchange ratesChinaUS dollar
• Will the Dollar Lose its Position in the Global Economy ?

  The article asks whether the US dollar will lose its position in the global economy as the Russia-Ukraine conflict and sanctions reshape international payments. The US has used the dollar as a tool to pressure Russia, while Russia has demanded payment for its gas in rubles, a measure the US government has described as terrorism. China, India and Russia are all trying to reduce their dependence on the dollar, although China's reserves have remained stable at an average of 3.2 trillion dollars since 2020, according to the World Bank. About 650 billion dollars of Russian assets are frozen in the US and UK, and researcher Miguel Otero Iglesias warns the sanctions war could become a race of endurance between Europe and Russia. The article concludes that the dollar is in a long process of devaluation, but alternative mechanisms remain far from displacing it.

  latinamericanpost.com·21/10, 01:15▼ DXY▲ XAU/USDUS dollarsanctionsRussia
• India forex reserves decline $5 billion to $721 billion

  India's forex reserves fell $5.011 billion to $721.016 billion in the week ended October 16, according to the Reserve Bank of India (RBI). The reserves had dropped $8.578 billion in the prior week to $726.027 billion. They hit an all-time high of $785.706 billion in the week ended September 4, driven by heavy dollar inflows from a special concessional swap for diaspora deposits, which allowed banks to raise a record nearly $133 billion; the reserves have trended lower since. Experts attribute the sharp decline to the deployment of FCNR(B) resources and RBI dollar sales to defend the currency. Foreign currency assets fell $5.758 billion to $591.847 billion, while gold reserves rose $706 million to $105.8 billion, SDRs increased $30 million to $18.578 billion, and the IMF reserve position rose $11 million to $4.791 billion.

  dailypioneer.com·23/10, 23:00foreign reservesIndiacentral bank
• Nigeria FX demand hits $18 . 34bn as services surge

  Nigeria's foreign exchange utilisation rose to $18.34bn in the second quarter of 2026, its highest level in nearly 15 years, according to the Financial Markets Dealers Association. Financial services accounted for $9.64bn, or 52.58%, of that demand, while invisible transactions made up 72.19% of total utilisation. Import-related demand fell 1.49% to $5.10bn, and autonomous FX inflows rose to $23.31bn, lifting net FX flows to $22.50bn, the highest since the fourth quarter of 2019. Meanwhile, direct central bank FX sales fell 66.73% to $418.08m, and the CBN sold just $1.67bn in the first half of 2026, its lowest half-year amount since 2008.

  punchng.com·16/10, 01:00Nigeriaexchange ratesforeign reserves
• India's rupee forecast to weaken toward 100-per-dollar level even as RBI pushes back

  The rupee has recovered from 96.79 per dollar to around the 95 level after the Reserve Bank of India's latest measures, which make speculative bets costlier and restrict rebooking of cancelled FX derivatives. Strategists still expect the currency to weaken toward end-2026 and mid-2027, with S&P Global Market Intelligence forecasting about 97 per dollar by end-2026 and 98 by mid-2027, and a move to 100 cannot be ruled out. Since the FCNR-B scheme closed on Aug. 30, the rupee has fallen 1.9%, and RBI dollar sales have cut foreign reserves by $51 billion as of Oct. 2, according to Ambit Capital. Pressures include high oil prices from the Iran war, a wider current account deficit, and foreign investors selling $32.5 billion of Indian equities this year through Oct. 13. HDFC Securities says the RBI steps offer only short-to-medium-term stability, not long-term structural support.

  CNBC·16/10, 00:54Indiaexchange ratesforeign reserves
• Philippine peso sinks past P63 per dollar for first time

  The Philippine peso closed at P63.06 per US dollar on Thursday, falling 19 centavos and breaching the P63 level for the first time, with an intraday record low of P63.15. The move followed hot US inflation data that reinforced expectations the Federal Reserve will keep rates higher for longer, alongside high US Treasury yields and elevated crude oil prices. Gross international reserves fell 8.3% to $99.997 billion in the nine months to September, the lowest in three years and the seventh straight monthly annual decline. BSP Governor Eli Remolona said the central bank does not defend the peso at a specific level and intervenes only to smooth inflationary swings, and the BSP has raised its key rate by 75 bps since April to 5%, with its next meeting on Oct. 22. Analysts expect the peso to stay volatile and tilted to the weaker side in the near term.

  bworldonline.com·15/10, 14:15exchange ratesUS dollarforeign reserves

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• Novo raises full-year outlook as Wegovy pill sales impress

  Danish weight-loss drug maker Novo reported third-quarter results ahead of expectations early Wednesday, as sales of its Wegovy pill far exceeded estimates after a turbulent year in which it fell behind rival Eli Lilly. Third-quarter sales reached 79.2 billion Danish kroner ($11.9 billion), up 4% year on year and above FactSet estimates of 73.6 billion kroner. Adjusted operating profit (EBIT) came in at 31.7 billion kroner, versus an expected 28.6 billion kroner. The company now expects adjusted revenue and operating profit growth of between negative 2% and 2% at constant exchange rates, up from its previous outlook of negative 6% to flat.

  CNBC·04/11, 06:55earningspharmaceuticalsweight-loss drugs
• Vietnam proposes three directions to boost APEC cooperation

  At the 37th APEC Joint Ministerial Meeting of Foreign and Economic Ministers, held online on November 3, Vietnamese Foreign Minister Lê Hoài Trung proposed three directions for the Asia-Pacific region. These are building a creative and productive region through responsible, effective use of AI and digital technology; an open and connected region that eases supply-chain bottlenecks; and a self-reliant, dynamic region that cooperates on food and energy security and strengthens resilience to emerging risks. The meeting, attended by representatives of 21 member economies, reviewed five years of implementing the APEC 2040 Vision and prepared for the APEC 33 Leaders' Meeting in Shenzhen, China. Several members expressed hopes for Vietnam's APEC 2027 host year.

  CafeF·04/11, 06:54supply chainenergy securityartificial intelligence
• After repeated margin-call sales, DIG chairman buys 5 million shares

  DIC Corp Chairman Nguyễn Hùng Cường has completed the purchase of 5 million DIG shares between 12/10/2026 and 02/11/2026, raising his ownership from 3.41% to 4% of charter capital. The move follows a margin-call forced sale of more than 5.2 million DIG shares by Mr. Cường on 31/7/2026, and several family members also faced margin-call sales. Vũ Thị Thu Hương, wife of DIC Corp CEO Nguyễn Quang Tín, has also registered to buy 1 million more shares from 15/10/2026 to 13/11/2026. In business results, Q3/2026 revenue fell 43.2% to VND 761.36 billion and after-tax profit dropped 64.2% to VND 69.16 billion; nine-month pre-tax profit of VND 241.85 billion reached 40.3% of the full-year target. DIG shares fell 60.6% from VND 24,600 (17/10/2025) to VND 9,500 (04/11/2026), now trading below the MA200 and losing the VND 10,000 level.

  CafeF·04/11, 06:53▲ DIGDIGreal estateearnings
• Midterm Election Impact: SPCX, ASTS, RKLB Stocks Sink As Musk’s Political Ties Put Tesla-SpaceX Merger Under Fresh Scrutiny

  SPCX, ASTS and RKLB, along with several other space stocks, fell between 2% and 6% overnight as fears of political backlash against Elon Musk after Democratic midterm gains spread across the sector. Market observers said heightened scrutiny of government contracts and possible hearings could complicate a Tesla–SpaceX merger, though it would not automatically block the deal. Musk contributed $446 million during the 2026 midterm cycle, mostly to Republican-aligned groups. Investor George Noble urged adding to his bearish bets on SPCX and TSLA, while Morgan Stanley said SPCX trades cheaper than the S&P 500 for fiscal year 2028, at 17.6 times estimated earnings versus the index's 17.7 times.

  Yahoo Finance·04/11, 06:50▼ TSLAmidterm electionsSpaceXTSLA
• Vietnam's economy stays stable and positive amid an unpredictable global backdrop

  Finance Minister Ngô Văn Tuấn told the regular Government meeting that Vietnam's macroeconomy remains stable and socio-economic conditions continued to improve in October, even as global conditions stay volatile, notably the Middle East conflict that pushed world oil prices up 3-4.2% in October from September. The IMF raised its 2026 growth forecast for Vietnam from 7.1% to 8.4%, and R&I included Vietnam in its investment-grade category for the first time. Industrial production rose 12.4% over 10 months, and exports reached US$499.24 billion (up 27.5%), with total trade over US$1,010 billion, passing US$1,000 billion for the first time. Registered FDI reached US$54.85 billion, up 74%. The report also flags difficulties, including no breakthrough in production and business activity, and pressure on financial, monetary and credit markets.

  CafeF·04/11, 06:30▲ VNINDEXGDP growthVietnamIMF
• Banks' workforce diverges: layoffs and an operating-model overhaul

  Separate financial statements for the first nine months of 2026 from 27 banks show divergent workforce trends: 14 banks cut about 7,340 staff from end-2025, while 13 added about 3,921. Sacombank was the focal point of the cuts, with 12,553 staff at 30 September 2026, down 4,263, amid restructuring and a name change from June. KienlongBank shed 1,078 staff in a single quarter, and Eximbank fell by 783 from the start of the year. Among state-owned banks, BIDV and VietinBank reduced headcount yet continued recruiting, while BIDV's staff costs rose 5.6%. On the other side, ABBank added 247 staff and ACB added 236.

  CafeF·04/11, 06:26banksemploymentSacombank