From the Wall Street Journal, Updated ET:
0320 GMT — The Singapore dollar weakens slightly against its U.S. counterpart in the Asian session in possible position adjustments by traders. Market participants continue to digest the implications of a possible Republican sweep of the Congress and the White House in the U.S., Maybank analysts say in a FX Research & Strategy report. Also, Trump’s cabinet nominees are being closely eyed, with investor Scott Bessent being seen as the front-runner for next Treasury secretary, the analysts add. USD/SGD is 0.1% higher at 1.3347. (ronnie.harui@wsj.com)
Most Asian Currencies Weaken Slightly as Treasury Yields Rise
0227 GMT — Most Asian currencies weaken slightly against the dollar in early trade as Treasury yields rise following Monday’s U.S. bond-market holiday....
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Skipping up to China, one of the quoted analysts is looking for the yuan to weaken to 7.30 - 7.35 to the USD. Here's the cross rate for the past month, apparently something happened on November 5:
7.2311 last, 7.095 on November 3.
