Dollar's Grip Slips as Asia Flexes Financial Muscles
Key Points
- The U.S. dollar is facing a decline as Asian currencies, lik...
Remember those days when the U.S. dollar was the uncontested heavyweight champion of currencies? Well, folks, it seems our green friend is having a bit of a mid-life crisis, and Asian currencies are stealing the spotlight faster than you can say "monetary policy."
Asian Tigers Show Their Stripes
Recent weeks have seen the forex market bouncing around like a ping-pong ball at a central bankers' tournament. The Taiwanese dollar pulled off a spectacular 10% growth spurt, making other currencies look like they're moving in slow motion. Meanwhile, the Hong Kong Monetary Authority decided to play...
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