Asia’s central banks face a formidable challenge: An ascendant U.S. dollar
Written by Black Hot Fire Network on January 9, 2025
A man looks in the window of a money changer showing the rate of various currencies against the Japanese yen, along a street in central Tokyo on April 29, 2024.
Richard A. Brooks | Afp | Getty Images
Central banks in Asia face a catch-22 in 2025.
A relentless rise in the U.S. dollar has sent Asian currencies such as the Japanese yen, South Korean won, Chinese yuan and the Indian rupee reeling to multi-year lows against the greenback.
While a cheaper currency could in principle make exports competitive just . . .
