Asian FX to Benefit Most From Trump on Dollar, Strategists Say
President Donald Trump’s comments that he didn’t think the dollar had weakened excessively have accelerated a debate about a possible concerted move to depreciate the world’s reserve currency.
Asian currencies look in pole position to benefit from renewed dollar weakness, given Trump’s focus on exports from the region, according to strategists. Low liquidity and nervous traders are exacerbating the moves, they said.