Asia posted steepest 6-month decline in FX stocks since 2015-2016.
Singapore, Aug 1, 2010 (FBC) – Asia’s foreign exchange reserves posted their biggest six-month decline in years, signaling policymakers’ determination to protect currencies from persistent downward pressure from a stronger US dollar. In the first half of 2022, total reserves fell by $372 billion, or 6.2 percent. In the six months to January 2016, it … Read more