首页 社会内容详情
新2备用网址(www.hg108.vip):Who has the stomach to stand against the dollar?

新2备用网址(www.hg108.vip):Who has the stomach to stand against the dollar?

分类:社会

网址:

SEO查询: 爱站网 站长工具

点击直达

新2备用网址www.hg108.vip)是一个开放新2网址即时比分、新2网址代理最新登录线路、新2网址会员最新登录线路、新2网址代理APP下载、新2网址会员APP下载、新2网址线路APP下载、新2网址电脑版下载、新2网址手机版下载的新2新现金网平台。新2网址登录线路最新、新2皇冠网址更新最快,皇冠体育APP开放皇冠会员注册、皇冠代理开户等业务。

Just a few months ago, the idea that an increase of 100 basis points in July would be on the table seemed extreme. Now, it’s considered plausible. The buck has extended its surge as a result, hitting a record high Thursday against a basket of developed and emerging-market currencies.

IT is getting harder for some emerging markets to hide from the dollar’s rampage.

Staying on the sidelines or going slow while US interest rates climb risks further degradation of already weakened currencies – and a consequent worsening of inflation at home. To stand against this tide requires fortitude and, perhaps, more than a touch of obstinacy.

In an environment where inflation is stubbornly elevated, almost no prospective Federal Reserve hike seems too big to be outlandish. Just a few months ago, the idea that an increase of 100 basis points in July would be on the table seemed extreme.

Now, it’s considered plausible. The buck has extended its surge as a result, hitting a record high Thursday against a basket of developed and emerging-market currencies.

So much for the eclipse of America as the fulcrum of the world economy. The euro has slumped to parity with the dollar for the first time in more than two decades. The Thai baht slid to its weakest since 2006 on Thursday, and the lira flirted with an all-time low. Central banks in South Korea, New Zealand, Singapore and the Philippines ratcheted up borrowing costs the past few days, the last two in surprise interventions.

,

五湖四海足球吧www.hgbbs.vip)凝集民间高手免费提供各联赛足球资讯、足球推荐、足球贴士等,致力为广大波友提供更全面、更专业的赛前预测分析,让更多球迷随时随地找到自己想要的赛事资讯,以及在本站尽情发言自己的观点。

,

That won’t turn around their exchange rates on a sustained basis tomorrow, but it might help cushion them from dramatic retreats. These countries have good local reasons to act: inflation is too high for comfort at home. What about recalcitrants who refuse to raise rates, or prefer cuts, like Turkiye? Or nations that have pursued a less mercurial path, but have nevertheless resisted joining the rate stampede? Thailand is a good example of the latter approach.

Perhaps one of the most overlooked inflation stories from the past week was delivered by snail mail. Thailand Post Co raised prices for domestic letter and parcel deliveries.

This might seem small beer relative to the tumult on Wall Street or questions about the durability of the euro system, but it’s the first such move by the state enterprise in almost two decades and, it reflects cost pressures that have become too significant to ignore.

It required sign-off by the Thai cabinet, which is wrestling with the biggest increase in overall consumer prices in 14 years.

It’s not unreasonable to think the Bank of Thailand will be very far behind. The central bank said Thursday – after the surprise hikes in Singapore and the Philippines – that there’s no need for an emergency meeting.

This week, the bank emphasised it wants to gradually withdraw accommodation, “a smooth take-off.” With Thailand far behind regional and global peers, it’s unwise to consider this set in stone.

发布评论