# Asia FX gains as tariff concerns hurt dollar; AI-led stocks hit records | Reuters

> Asian currencies gained as the dollar index weakened after President Trump announced a blanket 15% global import levy in response to a US Supreme Court ruling against his earlier tariffs. Analysts at Barclays said the 15% rate would be modest relief for India and several ASEAN economies. Taiwan and South Korea stocks hit record highs.

- Date: 2026-02-23 · published 2026-02-23T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/20885-asia-fx-gains-as-tariff-concerns-hurt-dollar-ai-led-stocks-hit-records-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A broad 15% levy replaces a legal tariff structure that was struck down, leaving trade flows uncertain but less severe for many Asian exporters. A weaker dollar tends to support commodity prices priced in USD and eases import costs for emerging markets.

## Read by commodity

- DXY: bearish ▼
- USDMYR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-02-20 | [Dollar dips after Supreme Court rules against Trump's tariffs \| Reuters](https://feedsoft.ai/events/20833-dollar-dips-after-supreme-court-rules-against-trump-s-tariffs-reuters.md) | -0.3% | +1.6% |
| DXY | 2019-08-01 | [Dollar falls against yen after Trump whacks China with more tariffs \| Reuters](https://feedsoft.ai/events/57813-dollar-falls-against-yen-after-trump-whacks-china-with-more-tariffs-reuters.md) | +1.1% | +2.1% |
| DXY | 2019-12-03 | [Euro holds gains vs dollar hit by trade tariffs and weak data](https://feedsoft.ai/events/55783-euro-holds-gains-vs-dollar-hit-by-trade-tariffs-and-weak-data.md) | -0.5% | -1.7% |
| DXY | 2017-01-31 | [Dollar hit by crossfire as Trump talks currency wars](https://feedsoft.ai/events/73222-dollar-hit-by-crossfire-as-trump-talks-currency-wars.md) | -0.6% | -0.6% |
| DXY | 2025-02-04 | [US dollar edges lower as China tariffs kick in](https://feedsoft.ai/events/26336-us-dollar-edges-lower-as-china-tariffs-kick-in.md) | -0.4% | -0.9% |

## Sources

- reuters.com: https://www.reuters.com/world/asia-pacific/asia-fx-gains-tariff-concerns-hurt-dollar-ai-led-stocks-hit-records-2026-02-23/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.