Asian currencies rose against the dollar on Friday as U.S. President Donald Trump's tariffs on trading partners prompted a rush out of the world's reserve currency, though stocks remained subdued on lingering tariff concerns.
The U.S. dollar index fell below 100 against a basket of major units for the first time since July 2023 as investors ditched U.S. assets for other safe-havens like the Swiss franc, yen, euro and gold.
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