Asia’s southern flank shines in fight vs surging dollar ...Qatar

Asia’s central banks, alarmed by the surging dollar’s assault on their currencies, are ramping up their resistance with rate rises and market interventions, but it’s the relatively vulnerable economies of South and Southeast Asia putting up the best fight. In Indonesia, high raw materials prices are helping to drive record trade surpluses, while India’s robust growth and large currency reserves have bolstered investor confidence — a far cry from the dollar’s last surge a decade ago when the pair were among the “fragile five” emerging markets pounded by panicked outflows. Their resilience contrasts with bigger economies in North Asia, where currencies are tumbling, although analysts warn tha

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