Asian Currencies Surge as Dollar Weakens Amid Fed Uncertainty and Trump's Comments

• Asian currencies like the Malaysian ringgit, Thai baht, and South Korean won gained as the Bloomberg Dollar Spot Index hit a four-year low.
• The dollar's decline accelerated after President Trump expressed indifference to its weakening, adding to policy uncertainty.
• Uncertainty surrounding the Trump administration's policies, including threats to Greenland and concerns about Fed independence, contributed to the dollar's weakness.
• Reports of the Federal Reserve Bank of New York checking yen exchange rates suggest potential coordinated currency intervention.
• Investors await the Fed's interest-rate decision and earnings reports from major tech companies like Microsoft, Meta, and Apple.

Why It Matters: Asian currencies strengthened as the dollar fell due to US policy uncertainty and upcoming Fed decisions.