Why the US Dollar Is Causing Chaos Across Asia
Bloomberg reports Taiwan dollar, Indian rupee fell to multi-year lows this week. Central banks can slow FX weakness, but rarely prevent it.
Emerging-market currencies have tumbled this year as the dollar has gone from strength to strength. Taiwan’s currency dropped to the lowest level in almost eight years this week, India’s rupee slumped to a record, and Malaysia’s ringgit is close to the weakest since the Asian financial crisis in 1998. All except one of the 23 main developing-nation currencies tracked by... ...
leave a comment