A wave of dollar selling in Asia is an ominous sign for the greenback as the world's export powerhouse starts to question a decades-long trend of investing its big trade surpluses in U.S. assets.
'Asian crisis in reverse' as currencies soar on the dollar
https://www.reuters.com/world/china/asian-crisis-reverse-currencies-soar-dollar-2025-05-06/
4 Comments
RandAlThor@lemmy.ca · 100 pts · 1y
Better title would be "Asian countries dumping US dollar."
Zentron@lemm.ee · 21 pts · 1y
Agreed , title is rly convolutef
badbrainstorm@lemmy.world · 2 pts · 1y
Assuming it should be sour, which works fine. Big difference between soar and sour in this context
elgordino@fedia.io · 14 pts · 1y
‘Soar’ is fine. It’s taking about the relative value of the currency vs the dollar. Not the attitude of the countries toward the dollar, where indeed ‘sour’ would be appropriate.