Higher For Longer Interest Rates Dragging Down Yen And EM Currencies
Vishnu Varathan, Head of Economics & Strategy, Mizuho Bank
07-Sep-23 07:00
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The US dollar is soaring on the back of expectations that US interest rates will stay higher for longer, putting pressure on currencies including the Yen and Renminbi. We contrast the responses of the Bank of Japan and the People's Bank of China with Vishnu Varathan of Mizuho Bank.
Image Credit: Shutterstock
Produced by: Shazana Mokhtar
Presented by: Shazana Mokhtar, Keith Kam, Mark Tan
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Tags: brent crude, us markets, federal open market committee (fomc), china property,
