Big Take Asia Podcast

The Dollar’s Dominance Is Unwinding in Asia

On today’s Big Take Asia podcast: What an unwinding of the dollar’s dominance in Asia could mean for the region’s markets.

A dealer counts US dollars at a money exchange market.Photographer: Asif Hassan/AFP/Getty Images

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By Julia Weaver, Rebecca Choong Wilkins, Yang Yang, and Naomi Ng

May 27, 2025 at 10:00 PM UTC

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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.