Policy moves: People passing by the US Treasury Department in Washington. The Fed’s signal that inflation concerns are back on the agenda has led to a sharp sell-off in Asian currencies. — Bloomberg
HONG KONG: Central banks across Asia face a difficult decision after the US Federal Reserve’s (Fed) hawkish cut – stage a costly fight back against dollar strength, or stand by and watch their currencies falter.
The Fed’s signal that inflation concerns are back on the agenda led to a sharp sell-off in Asian currencies yesterday.
