The Dollar’s Dominance Is Unwinding in Asia
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The Dollar’s Dominance Is Unwinding in Asia
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As Donald Trump tries to remake global trade, the dollar’s historic dominance in Asia is under pressure. After Taiwan’s currency saw the biggest surge against the dollar in almost 40 years in early May, some money managers are saying the spike signals the acceleration of a bigger trend of moving investments back home.
On today’s Big Take Asia Podcast, host Rebecca Choong Wilkins talks to Bloomberg’s Ruth Carson about what’s driving Asia’s shift away from the greenback and what a rewiring of global financial ties means for the region’s biggest economies.
Further listening: Carry Trades, Explained
Could the Chinese Yuan Ever Replace the US Dollar?
Watch, from Originals: Why the US Is Getting Downgraded
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