Philippine peso leads Asian currency losses as US dollar rises
The peso fell 0.47 per cent, while Indonesia’s rupiah slipped 0.03 per cent. South Korea’s won recorded the largest gain among the currencies tracked.
The Philippine peso dropped to ₱63.444 per US dollar on 3 November 2026, the steepest decline among 10 Asian currencies tracked by Refinitiv. Figures at 09:20 Western Indonesian Time showed seven currencies losing ground as the US dollar strengthened.
Indonesia’s rupiah traded at Rp18,145 per US dollar, down 0.03 per cent. Malaysia’s ringgit lost 0.22 per cent, Singapore’s dollar declined 0.13 per cent and Vietnam’s dong weakened 0.09 per cent.
China’s yuan fell 0.33 per cent and Taiwan’s dollar shed 0.19 per cent. Among the three gainers, South Korea’s won advanced 0.38 per cent, followed by Thailand’s baht at 0.09 per cent and Japan’s yen at 0.02 per cent.
The US dollar index rose 0.08 per cent to 101.822. That reversed its previous session’s direction, when it fell 0.22 per cent to 101.76 and touched 101.42, its lowest level since 30 September.
Investors were awaiting the US midterm elections on 3 November, local time, alongside labour-market figures culminating in the October employment report on Friday. Separately, the Institute for Supply Management reported that its US manufacturing activity index increased to 55.5 in October from 54.5 in September.
