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.

Read more:
Asia’s $7.5 Trillion Bet on US Assets Is Suddenly Unravelling

Further listening: 
Carry Trades, Explained
Could the Chinese Yuan Ever Replace the US Dollar? 

Big Take DC: Stephen Miran on Market Woes and Currency

Watch, from Originals: Why the US Is Getting Downgraded

As Donald Trump tries to remake global trade, the dollar&rsquo;s historic dominance in Asia is under pressure. After Taiwan&rsquo;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&rsquo;s Big Take Asia Podcast, host Rebecca Choong Wilkins talks to Bloomberg&rsquo;s Ruth Carson about what&rsquo;s driving Asia&rsquo;s shift away from the greenback and what a rewiring of global financial ties means for the region&rsquo;s biggest economies.
Read more: <a href="https://www.bloomberg.com/news/features/2025-05-27/asia-s-sell-america-moment-threatens-7-5-trillion-bet-on-us-dollar-assets?srnd=undefined">Asia&rsquo;s $7.5 Trillion Bet on US Assets Is Suddenly Unravelling</a> Further listening: <a href="https://podcasts.apple.com/us/podcast/carry-trades-explained/id1746141911?i=1000668218834">Carry Trades, Explained </a><a href="https://podcasts.apple.com/us/podcast/could-the-chinese-yuan-ever-replace-the-us-dollar/id1746141911?i=1000670575997">Could the Chinese Yuan Ever Replace the US Dollar?&nbsp;</a>
<a href="https://www.bloomberg.com/news/audio/2025-05-22/big-take-dc-stephen-miran-on-market-woes-and-currency-podcast">Big Take DC: Stephen Miran on Market Woes and Currency</a>
Watch, from Originals:&nbsp;<a href="https://www.youtube.com/watch?v=Hoi3xJqBrec">Why the US Is Getting Downgraded</a>

We’re taking The Big Take to Asia. Each week, Bloomberg’s Oanh Ha tells a story from the home of the world's most dynamic economies - and the markets, tycoons and businesses that drive the ever-shifting region.

We’re taking The Big Take to Asia. Each week, Bloomberg’s Oanh Ha tells a story from the home of the world's most dynamic economies - and the markets, tycoons and businesses that drive the ever-shifting region.

Big Take Asia

The Dollar’s Dominance Is Unwinding in Asia

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/91727e19-6d88-4de5-b3c5-b2ea015c8cca/transcript