Asian currencies have been feeling the pain as the US dollar continues its winning streak since mid-July, which is the greenback’s longest such run in nearly a decade. And this is on the back of the US Federal Reserve’s “higher for longer” interest rate policy and increasing Treasury yields.
But what about Asian stocks? What effect does a stronger dollar have on Asian markets?
On Money in the Market, Hongbin Jeong speaks to Paul Chew, Head of Research, Phillip Securities Research, to find out more.