Oddbean

Mighty dollar pushes Asian governments to boost currency protection ========== Asian governments are taking action to stop the fall of their currencies due to the strong US dollar. The strength of the American economy and higher interest rates have led to weaker Asian currencies. Policymakers are responding in various ways, including issuing warnings, raising interest rates, and potentially intervening by buying their local currency. The situation has raised concerns about coordinated intervention and the credibility of central banks. The article highlights specific countries affected, such as China, Laos, Myanmar, and Japan. The focus is on buying time until the US economy slows down. #CurrencyProtection #AsianGovernments #UsDollar #AsianCurrencies #InterestRates #CentralBanks #China #Laos #Myanmar #Japan https://asia.nikkei.com/Spotlight/Market-Spotlight/Mighty-dollar-pushes-Asian-governments-to-boost-currency-protection