Asian Currency Crisis: Why the Yen, Rupee & Others are Dropping

The global financial landscape has been shaken as Asian currencies face turbulent times. The U.S. Federal Reserve’s aggressive interest rate hikes have driven up the dollar’s strength, making it more attractive for investors seeking higher returns in safe haven assets like the US dollar. This pressure has caused several key Asian currencies to weaken against the greenback. We delve into the intricate factors driving this trend and explore potential implications for both regional economies and the global financial market.