As impressive as the dollar’s recent ability to master the limbo is, Asian central banks have seen enough. In the race to see which side of the Pacific can tanks its currency enough to spur exports to anybody willing to buy them, the US was making alarming progress for the likes of South Korea, Taiwan, the Philippines and Thailand, each a proud new owner of at least several hundred million greenbacks. Not that basement level interest rates in the US weren’t enough of a problem for Asian export economies before, but now they’re fighting the uphill battle of the rate hikes and job growth recently seen in Australia potentially spreading like a plague throughout the region. So, in the end, Timmy G was correct. There is a real commitment to a strong dollar. It’s just coming 10,000 miles from DC.
Comments (9)
Leave a comment
You can log in with your account or comment as a guest below.
- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
Hypocrites.
Buck Fucky live on stage in the Cowboy district, Bang-cock.
suck it bitches
Good post Greggums. Should have included some kind of snippet about the illuminati though.
The worst written article I have ever seen on this site.
I can’t get enough of posts on Asian bank monetary policy. After all, that’s why I come to this site. I really appreciate the amount of effort that must go into this well-crafted, thoughtful post.
Mr. Sarcasm
Could you throw in a comment about rice prices?
@AB what’s that got to do with the price of tea in China?
You must be new to the site
Npw that my boy is in, I gotta get back to what I do.