Asian Currencies To Fall & Weaken After Trump’s New Tariffs
Asian currencies rallied against the US dollar in Q2 of 2025 as the markets reacted sharply against the trade wars. The DXY index, which measures the performance of the USD fell to a three-year low of 96.20. The Indian rupee, Chinese yuan, and Japanese yen all soared above the greenback in the forex markets. Traders who bet against the USD made good returns as leading local currencies took the top spot in the FX sector. Source: MarketWatch Now that Trump announced a new set of tariffs, which are 25% on Japan and South Korea, the DXY index quickly rebounded in value. It touched 97.57 and remains on the greener side of the spectrum since Monday’s trading session. The development indicates that Asian currencies will remain under pressure as they will have to deal with the price hikes. Also Read: Russia Labels Dollar Risky as De-dollarization Gains Speed US Dollar To Rebound in Value, Pressure Now on Asian Currencies Source: Getty Images The glorious run of Asian currencies in the for...