The U.S. dollar's increasing strength is impacting global economies and financial markets, with Asian governments taking measures to protect their currencies from further decline. According to Bloomberg, two-thirds of 150 tracked currencies have weakened against the dollar this year, which is involved in nearly 90% of forex transactions. This dominance is causing inflation pressures abroad and deterring foreign investment in markets like Japan, where the yen's weakness is turning away investors. Additionally, central banks are reportedly buying record amounts of gold as a strategy for de-dollarization, suggesting a shift away from dollar reliance amid its perceived overvaluation. Goldman Sachs predicts much higher prices for gold and warns that the strong dollar could turn 'sinister' for emerging markets.