Forex Pile Remains Asia’s First Defense Versus Relentless Dollar
10/04/2023 08:14
The dollar’s recent rally has been relentless. But Asia’s central banks have the firepower to limit the fallout.
The dollar’s recent rally has been relentless. But Asia’s central banks have the firepower to limit the fallout.
Policy makers in the region have more than $5.5 trillion of foreign-exchange reserves that they can deploy to shore up their currencies, according to calculations by TD Securities, using data compiled by Bloomberg. The stockpile reached a record high of $5.9 trillion in 2021.
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Forex Pile Remains Asia’s First Defense Versus Relentless Dollar