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A strong dollar transforms the global economy,the Bank of Korea takes a hit due to errors in expectations of interest rate cuts

A strong dollar transforms the global economy, and the Bank of Korea takes a hit due to errors in expectations of interest rate cuts. As the strong dollar transforms the world economy, errors in ‘interest rate cut expectations’ by central banks around the world pose the risk of being the cause of global inflation. The New York Times announced on the 29th that two-thirds of the currencies of 150 ..

경제 2024.04.30

Korea-Japan trade deficit, US leading economic index slumping for 23 months, growth stagnating

Korea-Japan trade deficit, US leading economic index slumping for 23 months, growth stagnating Korea's trade deficit fell into Japan's trade deficit as the yen exceeded 150 yen per dollar due to a sharp decline in trade with China, the United States, and Japan, and the U.S. leading economic index fell for 23 consecutive months, with zero growth forecasts for the second and third quarters. From t..

경제 2024.02.21

Overseas subsidiaries turned current account deficit, won ‘defenseless’ against ‘US interest rate of 6%’

In an economy dependent on overseas subsidiaries of chaebols as the current account deficit grows, a report titled “The yuan depreciates 5% due to a 6% increase in US interest rates” came out. In response to further rate hike remarks from the Fed chair, the UBS Maniknara Strategist report said that "the Fed's tightening towards 6% will firmly test the historic 'threshold of pain' for emerging ma..

경제 2023.03.10

Won 'most vulnerable', yuan and yen plunge along with dollar holdings 'neutralized'

A diagnosis has been made that the Asian currency crisis is likely if the won falls to 150 yen per dollar, depending on the strong dollar system in the case of a sharp decline in the yuan and yen. On the 28th, a strategist at Macquarie Capital in Hong Kong announced that the Korean won and the Philippine peso were the “weakest currencies” with a deficit account. Despite large dollar reserves, “t..

경제 2022.09.26