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 US dollar got a fresh jolt to start the week as speculation around potential trade deals sparked an extraordinary spike in Taiwan’s currency and reverberated across global foreign exchange markets.

Taiwan’s currency is exploding higher, and along with it fears about what Bloomberg reports is $767 billion of foreign assets held by Taiwan’s life insurers.

With high costs and low prices for their crops, soybean and corn farmers were already nervous as they planned for planting season this year. Tariffs aren’t helping.

It felt much longer, but the U.S. stock market needed just a few weeks to roar all the way back to where it was on President Donald Trump’s “Liberation Day.”