Monday , July 26 2021
Home / South China Morning Post / US dollar war chests swell in Asia as central banks ‘learn from the past’

US dollar war chests swell in Asia as central banks ‘learn from the past’

Summary:
[unable to retrieve full-text content]Asia’s emerging economies have accumulated their highest level of foreign-exchange reserves in seven years, offering a powerful buffer against market volatility if the US Federal Reserve changes course.Central bank holdings of foreign currencies in the region’s fast-growing emerging economies hit US.82 trillion as of May, their highest since August 2014. When China’s cash pile is stripped out, emerging Asian central banks’ reserves stood at an all-time high of US.6 trillion.While some of…

Topics:
Bloomberg considers the following as important:

This could be interesting, too:

Calculated Risk writes Monday: New Home Sales

Tyler Durden writes Move Over COVID: A Drug Resistant Super Bug Fungus Is Now Being Reported In Texas And Washington D.C.

Tyler Durden writes Trans Individuals Sue Montana Over Proof-Of-Sex-Change Requirement To Amend Birth Certificates

Tyler Durden writes The Role Of Impaired Liquidity On The Recent Treasury Market Rollercoaster

[unable to retrieve full-text content]
Asia’s emerging economies have accumulated their highest level of foreign-exchange reserves in seven years, offering a powerful buffer against market volatility if the US Federal Reserve changes course.Central bank holdings of foreign currencies in the region’s fast-growing emerging economies hit US$5.82 trillion as of May, their highest since August 2014. When China’s cash pile is stripped out, emerging Asian central banks’ reserves stood at an all-time high of US$2.6 trillion.While some of…

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.