News Formal

Business Maverick: Central banks in Asia spend billions to slow currency declines

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 84%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

Learning from the 1997 Asian financial crisis, central banks have been accumulating dollars to help defend their currencies during periods of wild market swings.

After years of building their foreign-exchange reserves, central banks in Asia are tapping into their stockpiles to bolster their weakening currencies against a rising US dollar.

“Some countries would have used their reserves to stabilise their currencies when moves were excessive,” said Rajeev De Mello, a global macro portfolio manager at GAMA Asset Management in Geneva. “They know that they can’t reverse their currencies’ weakness against the USD, but they can smooth the declines.”

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 3. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

MARK SEYMOUR: Equity market valuations matter in rising inflation environmentInvestors are nervous as corporate earnings are likely to weaken as central banks raise rates
ソース: BDliveSA - 🏆 12. / 63 続きを読む »

MARK SEYMOUR: Equity market valuations matter in rising inflation environmentInvestors are nervous as corporate earnings are likely to weaken as central banks raise rates
ソース: BDliveSA - 🏆 12. / 63 続きを読む »

BUSINESS MAVERICK: Cartoon Tuesday with RicoDefend Truth
ソース: dailymaverick - 🏆 3. / 84 続きを読む »

Business Maverick: US resuscitates bid at G7 to counter China’s Belt and RoadThe Build Back Better World initiative has struggled to get off the ground because not enough G7 partners contributed financially when it was unveiled last year.
ソース: dailymaverick - 🏆 3. / 84 続きを読む »