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By Rae Wee and Samuel Shen SINGAPORE/SHANGHAI (Reuters) -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. Ripples from Friday and Monday's record rally in the Taiwan dollar are now spreading outward, driving surges for currencies in Singapore, South Korea, Malaysia, China and Hong Kong. The moves sound a warning for the dollar because they suggest money is moving in to Asia at scale and...

Asian currencies turbocharged by dollar weakness are attaining rarely seen superlatives and triggering central bank intervention to curb excessive gains.The Hong Kong Monetary Authority on Friday sold a record amount of local dollars to prevent its advance and protect the currency’s 42-year-old peg to the greenback. Taiwan’s central bank also intervened as its currency soared the most since 1988. The offshore yuan rallied to its strongest since November.The volatility shows how an exodus from the world’s reserve currency can ripple through financial markets, as President Donald Trump’s shifting tariff policies...

* Taiwan dollar rises 1.6% for week * Taiwan central bank to hold rates in 2025 - economist * Bank of Thailand eyed to further ease rates By Rishav Chatterjee May 2 (Reuters) - The Taiwan dollar reached a seven-month peak on Friday after the country lifted its annual growth forecasts, while most Asian currencies rose as hopes of easing U.S.-Sino trade tensions helped risk sentiment across emerging markets. Taiwan's currency rose 2% to its highest since October 1, 2024 and is set to log a weekly gain of 1.6%....

When you buy through links on our articles, Future and its syndication partners may earn a commission. Credit: Paul Morris/Bloomberg via Getty Images On Monday, TSMC announced plans to invest $100 billion in expanding its U.S. manufacturing capacity. The funds will go toward three additional fabs, two advanced packaging plants, and a major R&D facility. We spoke with the company to learn more about its plans and some additional details. The extra $100 billion investment adds to TSMC’s $65 billion commitment for its Fab 21 site near Phoenix, Arizona. This...