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MODEL PORTFOLIO THE GIST
NEWS AND FEATURES
Global Philippines Fine Living
INSIGHTS
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
WEBINARS
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
DOWNLOADS
investment-ss-3
Reports
Policy rate views: Fed expected to do baby steps
September 18, 2025 DOWNLOAD
economy-ss-9
Economic Updates
Inflation Update: Faster but full-year average within target
September 5, 2025 DOWNLOAD
948 x 535 px AdobeStock_433552847
Reports
Monthly Economic Update: Waiting on Jay Powell
September 2, 2025 DOWNLOAD
View all Reports
Economy 1 MIN READ

BUZZ-COMMENT-The purge of Asian currencies has begun

May 5, 2022By Reuters
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May 5 (Reuters) – Traders in Asia have rushed to buy dollars, establishing short positions for every currency in a Reuters poll, but this is likely the start of a run on emerging market currencies. nL3N2WX0H2

There is a recipe for a big sell-off. The Federal Reserve is tightening monetary policy substantially and a policy that increasingly supports dollar will intensify demand for it.

Simultaneously China is experiencing a rapid slowdown in economic activity with yuan tumbling and where China’s currency goes, other Asia currencies follow, as most nations export and the drive to compete has long encouraged these countries to purse policies that support their exporter sectors.

The timing is also bad as most emerging market currencies have been elevated by the stimulus that was deployed to mitigate the impacts of the COVID-19 pandemic. They have a long way to fall to correct those gains, let alone factor the negatives stemming from a withdrawal of stimulus that is happening much faster than most traders expected.

For more click on FXBUZ

Asian currencies performance vs USDhttps://tmsnrt.rs/3Fx52xz

(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)

((jeremy.boulton@thomsonreuters.com))

This article originally appeared on reuters.com

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