What’s Happening in EM: Asia’s Central Banks Step In (Podcast)

The outbreak of the Iran war triggered a slide in Asian emerging-market currencies, but analysts say the moves may be short-lived. Central banks are stepping in with interventions/liquidity support to stabilize FX markets, reducing the likely duration and severity of currency stress.

Analysis

The outbreak of the Iran war triggered a slide in Asian emerging-market currencies, but analysts say the moves may be short-lived. Central banks are stepping in with interventions/liquidity support to stabilize FX markets, reducing the likely duration and severity of currency stress.