09-May-2025
Economy News
 
Forex pile remains Asia's first defense against relentless US dollar
04-Oct-2023

The dollar’s recent rally has been relentless. But Asia’s central banks have the firepower to limit the fallout. Policy makers in the region have more than $5.5 trillion of foreign-exchange reserves that they can deploy to shore up their currencies, according to calculations by TD Securities, using data compiled by Bloomberg. The stockpile reached a record high of $5.9 trillion in 2021.

News Source:- https://www.business-standard.com/world-news/forex-pile-remains-asia-s-first-defense-against-relentless-us-dollar-123100400148_1.html
 
 
 

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