Wall Street Journal Comments on USD

Written May 26, 2009 at 12:30 AM EST by  

WSJ “Currency Trading” section highlights recent dollar weakness possibly triggering USD-buying intervention by central banks of South Korea, Thailand, Taiwan, Singapore, and India in recent weeks

- Cites Asia’s dependence on export sector and impact on economies magnified by USD weakness
- Notes that despite sensitivity to weak USD, Japan’s officials suggested they would not intervene in FX markets, prompting additional JPY strength

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