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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...

De-dollarization is a new phenomenon that has been compelling nations lately to explore beyond the US dollar. As the US dollar decays, battered heavily with fierce Trump policies and agendas, major nations and alliances, including ASEAN, have now started to explore alternatives that help them stabilize their economy. In one such instance, ASEAN has now decided to deploy the route of diplomacy to embrace China over the US, as uncertainties spurred by US tariffs continue to loom on top of their heads. This news is, however, a damaging development for the US economy, as ASEAN trade with the US involves $3.8 trillion worth of exchange of money and services. Also Read: De-Dollarization: Bank of America Reveals Why ASEAN Is Ditching USD Two Ways ASEAN’s De-Dollarization Move Could Injure the US Economy 1. Reduced USD Demand Source: Watcher.Guru The ASEAN bloc has long been discussing ditching the US dollar. The plan was already in motion, as the block had discussed multiple times, to target ...