Asia’s de-dollarization push is gaining rapid traction as BRICS and ASEAN accelerate local-currency trade, driving currency hedging to record highs and challenging dollar dominance. De-Dollarization Takes Hold in Asia—Currency Hedging Surges to Record Highs A growing trend of de-dollarization is underway across Asia as policymakers, institutional investors, and economic blocs seek alternatives to the U.S. […]
Source: https://news.bitcoin.com/de-dollarization-surges-in-asia-challenging-dollar-dominance-in-global-trade/