Summary: The US dollar weakened further against most major currencies on May 5, driven by speculation around potential trade deals and their impact on exchange rates. The Taiwanese dollar led gains, jumping the most in over three decades, sparking concerns about a coordinated currency accord among regional central banks. This currency appreciation, coupled with investor uncertainty surrounding trade policies, has led to a decline in the US dollar, with the Bloomberg Dollar Spot Index down nearly 7% in 2025.

Link: https://www.straitstimes.com/business/companies-markets/us-dollars-fall-in-asia-stuns-investors-spreads-globally