Shoppers during “golden week” in China on October 4. China and other Asian countries that have minimised the impact of Covid-19 on their domestic economies are ready to gain from a weaker dollar. Photo: Bloomberg
Opinion
Opinion
Eye on Asia
How Asian economies stand to gain from a weak US dollar
- Once the US passes its latest round of stimulus, concerns over its fiscal health will return, weakening US rates and the dollar
- Asia, in contrast, will benefit as stronger local currencies reduce foreign debt and attract investors seeking better returns
Shoppers during “golden week” in China on October 4. China and other Asian countries that have minimised the impact of Covid-19 on their domestic economies are ready to gain from a weaker dollar. Photo: Bloomberg
