Jakarta, CNBC Indonesia \u2013 As the weekend approaches, Asian currency\nmarkets are enjoying a tailwind. Most Asian currencies strengthened\nagainst the US dollar in trading on Friday (30 October 2026), as the\ngreenback lost considerable ground.<\/p>\n
Refinitiv data at 9.20 am WIB showed that seven of the 10 Asian\ncurrencies monitored were up against the US dollar, while the other\nthree remained in negative territory.<\/p>\n
The Malaysian ringgit posted the strongest gain that morning, rising\n0.27% to MYR4.046 per US dollar.<\/p>\n
The Japanese yen followed with a 0.16% rise, while the rupiah\nstrengthened 0.14% to Rp18,100 per US dollar.<\/p>\n
The South Korean won and Singapore dollar each gained 0.12%. The\nPhilippine peso rose 0.05%, while the Chinese yuan edged up 0.03%.<\/p>\n
By contrast, the Taiwan dollar came under the heaviest pressure,\nfalling 0.15%. The Thai baht lost 0.03%, while the Vietnamese dong edged\ndown 0.02%.<\/p>\n
The greenback also weakened as US government bond yields fell. The US\ndollar index, or DXY, was down 0.28% that morning at 101.744.<\/p>\n
This time, the pressure on the dollar came from a somewhat different\nsource. Concerns about artificial intelligence (AI) companies prompted a\nsell-off in US equities and led investors to shift into US government\nbonds.<\/p>\n
Demand for those bonds pushed their prices higher and yields lower.\nThe yield on 10-year US Treasuries stood at around 4.8958%, while the\n30-year yield fell to 5.2623%. Both were at their lowest levels in more\nthan a month.<\/p>\n
The fall in yields, in turn, reduced the appeal of the US dollar.<\/p>\n
\u201cMarket reaction looks different from the usual risk-averse pattern\ntriggered by energy prices,\u201d said Sim Moh Siong, an OCBC\nforeign-exchange strategist, according to Reuters.<\/p>\n
\u201cRather than supporting the US dollar and pushing US yields higher,\nAI concerns centred in the US have instead coincided with falling\nTreasury yields and a weaker or more subdued US dollar,\u201d he added.<\/p>\n
Concerns about the AI sector intensified again after Alphabet\u2019s\nearnings report prompted questions about the scale of its spending on AI\ndevelopment. The sentiment weighed on equity markets and increased\ndemand for government bonds.<\/p>\n
Despite its decline that morning, the US dollar remains on an upward\ntrend, having gained about 0.3% over October. If it holds, this would\nmark a second consecutive month of gains.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/dollar-falters-in-asia-ringgit-leads-rupiah-and-won-also-gain-1793332251", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }