Asia Makes a Stand as Dollar Threatens to Upend Currency Markets
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Asian officials are united in their desire for currency stability as the resurgent dollar threatens to upend exchange rates. Japan's currency official restated the Group-of-Seven's commitment to preventing disorderly moves. South Korea discussed currency concerns with Japan and vowed to counter drastic swings, winning a tacit nod from the US. China also aims to avoid excessive volatility in the yuan.
https://www.bloomberg.com/news/articles/2024-04-18/asia-goes-on-offense-as-dollar-threatens-to-upend-exchange-rates