Pantheon Macroeconomics
Best viewed on a device with a bigger screen...
20th Jul 2022 15:05Emerging Asia, Daily Monitor
Central banks continue to put a brave face on the FX plunge, which is by no means excessive...
...The dollar has strengthened more than EM Asian FX has weakened; reserves are still a huge weapon.
Currencies are still rising in REER terms, leaving the window open for a sharp nominal retracement.
central banks, current account, depreciation, June, mpc, rbi, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence