ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Dollar's surprising strength is Asian economies' weakness

Investors are pulling money out of emerging markets and stashing it in the US

| North America
Demand for the dollar is running ahead of Fed stimulus moves.   © Reuters

On any list of things that make little sense in these disorienting, pandemic-obsessed times, the U.S. dollar's strength deserves prominent placement.

Normally, aggressive Federal Reserve interest rate cuts of the kind we saw this month would reduce the U.S. currency's appeal, as would talk of adding $2 trillion more to Washington's debt load. You would think, too, that President Donald Trump's glacial response to coronavirus risks would have capital fleeing the world's biggest economy.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more