Asian currencies outperform dollar amid U.S. recession fears

Chinese yuan likely to impact Asian currencies more than dollar: Goldman Sachs

20250408 money changer

A money changer in Singapore: Japanese yen, a safe-haven asset, has strengthened more than 2% against the dollar since Thursday. © Reuters

LISA KIM

TOKYO -- Asian currencies have fared better than the dollar after the U.S. unleashed new tariffs last week, sparking concerns that the country will tip into a recession.

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