As Fed Fuels a Global Rally, Asian Currencies Lag Behind - News Summed Up

As Fed Fuels a Global Rally, Asian Currencies Lag Behind


The Federal Reserve has signaled it is in no rush to raise interest rates further, pushing down the dollar and ushering in new-year rallies in emerging-market currencies, global stocks, and corporate bonds. Asian foreign-exchange markets didn’t get the memo. What’s HappeningCurrencies in developing economies have rebounded somewhat after selling off steeply last year, thanks to remarks from Federal Reserve Chairman Jerome Powell.


Source: Wall Street Journal January 11, 2019 04:57 UTC



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