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Dollar’s Slide Gives Asian Central Banks Space for Rate Cuts

Bloomberg reports that inflation in Asia ex-Japan weaker than in major economies. Asia dollar index hit 5-month peak amid global market selloff.
Dollar’s Slide Gives Asian Central Banks Space for Rate Cuts
The global market selloff may have a silver lining for Asian central banks if sustained weakness in the dollar gives them leeway to ease monetary policy. Asian currencies shot up to a five-month peak against the greenback this week, amid tectonic shifts in global markets due to a range of concerns — not least worries that US rate setters have... ...

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