In early trading on Monday, the US dollar climbed to a new multi-year high versus its Taiwan counterpart. The greenback also edged up against the Singapore dollar and rose to an 8-week high. Against the currencies of Malaysia, South Korean, China and Philippines, the greenback climbed to a new multi-day highs.
Meanwhile, the dollar bounced back from a 4-day low versus the Indian rupee and pared the early gains against the Thai baht.
In trading against its Taiwan counterpart, the US dollar jumped to a new multi-year high during Monday's early Asian session. At about 8:10 pm ET, the dollar reached 33.8145 against the Taiwan currency, compared to last week's closing value of 33.750. The next upside target level for the pair is seen around the 34.183 level.
In early Asian deals on Monday, the greenback climbed against its Singapore counterpart. The US currency rose to an 8-week high of 1.5172 against the Singapore dollar by 9:35 pm ET Sunday, compared to Friday's close of 1.5099. The next upside target level for the buck is seen around the 1.53 level. Currently, the pair is trading near 1.5157.
The US currency edged up against its Malaysian counterpart on Monday morning in Asia. The dollar reached a 5-day high of 3.617 against the ringgit by 7:00 pm ET Sunday. The dollar-ringgit pair closed Friday's deals at 3.6075. On the upside, the dollar may find resistance near the 3.629 level.
Malaysia's Kuala Lumpur Composite Index will be closed today in observance of the Federal Territory Day holiday. The KLCI will re-open on Tuesday.
Monday morning in Asia, the dollar gained ground against the South Korean won. The pair strengthened to a 5-day high of 1396.35 by 7:05 pm ET Sunday, compared to hit 1380.30 late Friday in New York. Since then the pair has been seeing uncertainty in direction and is now worth 1392.35. If the dollar moves further upwards, it may likely to target near the 1400.0 level.
The US dollar spiked higher against its Chinese counterpart during Monday's early Asian session. At about 8:50 pm ET, the dollar reached a 10-day high of 6.8542 against the yuan, compared to Friday's closing value of 6.8360. On the upside the dollar may likely find resistance near the 6.8600 level.
People's Bank of China today set the central parity rate for the dollar-yuan pair at 6.8397.
The US dollar bounced back against the Indian rupee after falling to a 4-day low of 48.4450 during Monday's early Asian session. At about 11:10 pm ET, the pair climbed to 49.1250, compared to 48.8250 hit late Friday in New York. As of now, the pair is trading at 49.05.
Monday in early Asian deals, the US dollar staged a sharp rise against the Philippine peso. The dollar-peso pair rose to a 12-day high of 47.6950 by 9:40 pm ET Sunday. This may be compared to last week's closing value of 46.43. If the dollar ticks up further, it is likely to test resistance near the 47.61 level. As of now, the greenback-peso pair is trading at 47.66.
The US currency pared early Monday's early Asian session gains against its Thailand counterpart. The dollar thus fell from 35.0250 to 34.9450 versus the Thai baht by about 10:05 pm ET. The pair that closed Friday's deals at 34.98 is now trading at 34.9750.
Thailand is set to release consumer price index numbers for January, with analysts expecting a decline of 1 percent on year after the 0.4 percent annual gain in December. Core CPI is called higher by 1.6 percent, easing from the 1.8 percent annual increase in the previous month.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.