INSUBCONTINENT EXCLUSIVE:
economy props up the dollar, dampening hopes for U.S
interest rate cuts.Despite predictions of its decline, the dollar has strengthened against most major currencies this year.This has led to
interventions from countries like Japan, aiming to bolster the yen, and Turkey, raising interest rates to lift the lira.China and Indonesia
currency struggles, where countries like Switzerland and Canada grappled with inflation and weak exchange rates.Dollar Defies Downturn
Predictions, Rises Against Global Currencies
(Photo Internet reproduction)Emerging economies feel the strain, with nations like Sri Lanka facing severe financial crises.Countries laden
rate cuts.This shift has seen the dollar index rise, impacting currencies across the globe.The enduring strength of the dollar underscores a
interventions.Currency depreciation hikes the cost of imports, fuelling inflation and potentially triggering capital flight, undermining
domestic growth.While central bank interventions may offer temporary relief, the enduring trend of dollar strength reflects the complex
system and the intricate balance central banks must navigate in response.
