Forex Trading Updates: Asia’s Bearish Currencies
This wave of depreciation had real effects on Asian economies because “Anyone outside the US who wants to trade has to put up more collateral in local currency”, explained Paul Hodges of New Normal Consulting. Q2 2022 hedge fund letters, conferences and more Demand in Asia was weak for a variety of reasons, namely, high energy prices (Brent crude oil was still over $100 a barrel in July), geopolitical tensions, inflation, and recession worries. Continuing supply chain challenges were hindering Asian economies, as was the stubborn re-emergence of the coronavirus, which sparked large-scale lockd...