Soaring US dollar raises alarm as China, Japan escalate FX pushback
“The prospect of higher-for-longer US rates is reigniting pressure, and investors will be cautious,” said Vijay Kannan, a macro strategist at Societe Generale SA in Singapore. “Specifically, EM Asia is more vulnerable to this dollar strength, given a much lower interest-rate differential and a greater exposure to a weaker China growth outlook.”
