Higher For Longer Interest Rates Dragging Down Yen And EM Currencies

Vishnu Varathan, Head of Economics & Strategy, Mizuho Bank

07-Sep-23 07:00

Higher For Longer Interest Rates Dragging Down Yen And EM Currencies

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The US dollar is soaring on the back of expectations that US interest rates will stay higher for longer, putting pressure on currencies including the Yen and Renminbi. We contrast the responses of the Bank of Japan and the People's Bank of China with Vishnu Varathan of Mizuho Bank.

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Produced by: Shazana Mokhtar

Presented by: Shazana Mokhtar, Keith Kam, Mark Tan

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Categories: markets, economy

Tags: brent crude, us markets, federal open market committee (fomc), china property,

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