Register now for FREE unlimited access to Reuters.com RegisterBanknotes of Japanese yen and U.S. dollar are seen in this illustration picture taken September 23, 2022.
Register now for FREE unlimited access to Reuters.com RegisterAnd the dollar.
Central banks will find it hard to break this doom loop.
And talking of doom loops, if Asian central banks sell chunks of their U.S. Treasuries holdings to support their domestic currencies, U.S. yields rise, Treasuries are more attractive, investors pile in, and the dollar strengthens.
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