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Dollar dominance is triggering intervention fears across markets
As if "dollar dominance" isn't a matter of intervention as well -- by the United States.
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By Ruth Carson and Hooyeon Kim
Bloomberg News
Thursday, January 18, 2024
Investors are dusting off intervention playbooks once again as a resurgent dollar raises the specter of fresh efforts from officials to protect their currencies.
Taiwan's central bank issued a rare statement this week to calm investors after global funds slashed their holdings of the island's stocks and the local currency swooned.
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Wednesday, January 17, 2024
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A South Korean official told reporters Wednesday the won's weakness is excessive, while China's central bank ramped up support for its currency through its daily fixing. Speculation is growing that the yen will be next.
"More intervention across markets is a legitimate concern," said Kyle Rodda, an analyst at Capital.com Inc. in Melbourne.
"Policymakers might have wiped their brows, thinking their job was done last year, but a stronger dollar means currency concern is creeping up again -- and traders' positions may compound the volatility." ...
... For the remainder of the report:
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