Asian Currencies Can't Fight the Dollar on a Rampage
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The article discusses the strength of the US dollar and its impact on Asian currencies. The author mentions Paul O'Neill, a former Treasury secretary, who questioned the strong-dollar policy and argued that it was a reflection of a strong US economy. The article states that Asian countries in 2024 have limited options to counter the strong dollar but are not completely powerless.
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https://www.bloomberg.com/opinion/articles/2024-04-17/asian-currencies-can-t-escape-the-strong-dollar