Asia

Asia’s de-dollarization push is gaining rapid traction as BRICS and ASEAN accelerate local-currency trade, driving currency hedging to record highs and challenging dollar dominance. De-Dollarization Takes Hold in Asia—Currency Hedging Surges to Record Highs A growing trend of de-dollarization is underway across Asia as policymakers, institutional investors, and economic blocs seek alternatives to the U.S. […]

Southeast Asian nations are advancing plans to reduce reliance on the U.S. dollar through an ASEAN initiative aimed at strengthening the use of local currencies and altering global financial dynamics. ASEAN Launches Strategic Push for De-Dollarization and Financial Sovereignty Efforts to reduce reliance on the U.S. dollar have gained momentum across Asia and other regions