Asian currencies are strengthening one after another, reducing allocations to US dollar assets is becoming a trend.

The United States' indiscriminate tariffs not only impact the global trade market, but also exacerbate volatility in the global financial market. Recently, Asian currencies have sharply appreciated against the US dollar, prompting Asian exporters, insurance funds, and other institutions to close their positions in the dollar and accelerate capital outflow. These changes are just a small step in global investors reducing their allocation of US dollar assets. Analysts believe that going forward, regardless of how the US tariff policy is adjusted, further lowering the allocation of US dollar assets is inevitable for many countries, regions, and institutions.