Singapore, 6 November 2026 – The US dollar index rose 0.25% to 101.76 in Asian afternoon trading on Friday after a global sell-off in artificial intelligence shares drove investors towards haven assets. The dollar strengthened against the euro and sterling, but the Japanese yen also drew buyers and reached a one-week high against the US currency. Investors were awaiting the October employment report from the US Bureau of Labor Statistics.
For Asian investors, the session showed why a stronger dollar index is not a reliable guide to every currency pair. Demand for safety supported both the dollar and the yen, while falling US Treasury yields reduced some of the dollar’s interest-rate advantage. That distinction matters for businesses with dollar liabilities and yen receipts, and for investors whose returns depend on how those currencies move against each other.
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