Asian currencies traded mixed on Monday as the Chinese yuan remained near its strongest level in more than four years and the U.S. dollar held broadly steady ahead of Tuesday’s U.S. midterm elections and Friday’s October employment data. The dollar index rose 0.1% to 101.94, while markets also watched U.S. ISM surveys, Federal Reserve officials’ remarks and policy decisions from major central banks. The offshore yuan stood at 6.6523 per dollar and the onshore rate at 6.6540 after the yuan reached 6.659 on Friday, its strongest level since June 6, 2022. The yuan has gained around 5% against the dollar this year and was approaching a fourth consecutive monthly advance. Investors were assessing how the elections could affect congressional control, government spending, federal borrowing, data-center and AI infrastructure investment, and the next debt-ceiling debate. Markets were pricing approximately a 75% probability of a December Federal Reserve rate hike after the central bank left rates unchanged last week.