21 July 2022 Emerging Asia Monitor Keeping Calm and Carrying On Amid the Pressure on Currencies

Miguel Chanco (Chief EM Asia Economist)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.

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central banks current account depreciation June mpc rbi

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Keywords for: 21 July 2022 Emerging Asia Monitor

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