Currencies

Dollar Drops as Korea Talks Fuel Bets Trump Wants Weaker Currency

A US 100 dollar banknote and South Korean 10,000 won banknotes.
Photographer: SeongJoon Cho/Bloomberg

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By Daedo Kim and Jaehyun Eom

May 14, 2025 at 8:21 AM EDT

Updated on

May 14, 2025 at 1:01 PM EDT

The dollar fell in late Asia trading on fresh speculation President Donald Trump favors a weaker greenback and will prod other governments to let their currencies rise in return for trade deals with the US.

The US currency extended an earlier decline on Wednesday after a Bloomberg News report that South Korea and US officials discussed exchange rate policies at a May 5 meeting in Milan and will continue to do so.