Pantheon Macroeconomics

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27th Jun 2022 00:10Emerging Asia, Daily Monitor, Weekly Monitor

Currencies in EM Asia are tanking, with interest rate differentials moving hugely in favour of the dollar...

...But we doubt that central banks in the region will be forced to match Fed rate action like-for-like.

Reserves remain ample, and are likely to continue to be used to lean against excessive currency volatility.

asian currencies central banks commodity prices current account current account surplus deficit fed imports inr interest rate March May rbi trade trade surplus u.s.

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Keywords for: Currency Chaos won't Push EM Asia to Faster or Bigger Rate Hikes

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