A mix of geopolitical uncertainties, monetary shifts, and currency hedging is prompting a meaningful move toward de-dollarization across the region.

KEY POINTS

While de-dollarization is not exactly a new phenomenon, the narrative has changed.

De-dollarization in ASEAN is expected to pick up pace, according to the Bank of America.

Some Asian economies have the greatest potential to repatriate their foreign earnings or assets back to their local currencies.

  • ramble81@lemmy.zipEnglish
    161·
    4 days ago

    Keep an eye on Hong Kong. It’s locked within a range to the USD. I expect to see an announcement of a switch to the Yuan soon.