Summary: The US dollar experienced its worst half-year performance since 1973, falling 10.7% due to tariff tensions, uncertain macro prospects, and shifting monetary policy expectations. This decline benefited major Asian currencies, with the Taiwan dollar, won, yen, Singapore dollar, and ringgit appreciating. Analysts anticipate further gains for Asian currencies in the second half of 2025, with the won and baht singled out as potential winners.

Link: https://www.businesstimes.com.sg/international/asean/us-dollar-tumbles-50-year-low-h1-paving-way-asian-fx-gains