💨 Abstract

Uncertainties from Trump's tariff policies and the weakening of the U.S. dollar have led to a significant appreciation of Asian currencies, notably the Taiwan dollar. This trend is driven by due to exporters and investors selling off dollar holdings due to volatility. Asian economies, with large dollar reserves, are diversifying assets, including increasing gold reserves. The Indian rupee also strengthened due to falling oil prices and foreign investment inflows.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖