An unprecedented two-day surge in Taiwan's currency is the latest leg of a scramble out of the U.S. dollar and signal of disquiet in markets as U.S. President Donald Trump's trade war rattles confidence and disrupts trade relationships.

The Taiwan dollar led Asian currencies higher versus the U.S. dollar amid hopes for China-U.S. trade talks after President Trump signaled he was open to lowering U.S. tariffs on imports from China. “At some point,

The Taiwan dollar jumped 8% against the U.S. dollar in two days, an unprecedented surge and another sign that investor demand for the U.S. dollar is weakening amid trade turmoil.