Exchange currency booths in Hong Kong. The recent dollar depreciation is a welcome reprieve for emerging economies. Photo:Sam Tsang Exchange currency booths in Hong Kong. The recent dollar depreciation is a welcome reprieve for emerging economies. Photo:Sam Tsang
Exchange currency booths in Hong Kong. The recent dollar depreciation is a welcome reprieve for emerging economies. Photo:Sam Tsang
Sasidaran Gopalan
Opinion

Opinion

Eye on Asia by Sasidaran Gopalan and Ramkishen S. Rajan

Covid-19 shows up Asia’s vulnerability to a strong dollar in a crisis

  • Beyond concerns about sharp exchange-rate gyrations, there is growing recognition that the shock-absorbing powers of exchange rates are highly limited when the dollar is the invoicing currency

Exchange currency booths in Hong Kong. The recent dollar depreciation is a welcome reprieve for emerging economies. Photo:Sam Tsang Exchange currency booths in Hong Kong. The recent dollar depreciation is a welcome reprieve for emerging economies. Photo:Sam Tsang
Exchange currency booths in Hong Kong. The recent dollar depreciation is a welcome reprieve for emerging economies. Photo:Sam Tsang
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