"They can go find another sucker," Trump said in a social media post, responding to efforts by the BRICS group of countries to build a currency alternative to the dollar

A protectionist shift in US politics will spell further bad news for China’s currency and equities

Japanese authorities have not been able to make a sustained difference to the yen and are unlikely to keep the currency from hovering near crucial lows

Tokyo said it was ready to take any action if the yen’s instability carries on much longer – even though some analysts doubt whether they can make a difference

"De-dollarisation is evident in FX reserves where [the dollar's] share has declined to a record as share in exports declined but is still emerging in commodities," the US bank noted

In contrast to the rupee, other Asian currencies were mostly higher after US Federal Reserve chairman Jerome Powell struck a moderately dovish stance

Increasing oil deals between the two countries have already begun to corrode the US dollar’s long-running dominance in energy trade

One of the government officials directly involved in the matter said New Delhi is "not comfortable" with foreign trade settled in yuan but said settlement in "dirham is okay"

The system has already been used by Russia following the imposition of sanctions on Moscow over the Ukraine war

Emerging market currencies have outperformed their developed market counterparts this year and analysts say signs point to a broader turn in dollar sentiment

The traders have been critical of the gap between the market rate and the regulated exchange rate of the local kyat and US dollar, The Global New Light of Myanmar said.

The slide has deepened an already difficult economic crisis, as Pakistan struggles with depleting foreign currency reserves and a current account deficit