Just a few months ago, the idea that an increase of 100 basis points in July would be on the table seemed extreme. Now, it’s considered plausible. The buck has extended its surge as a result, hitting a record high Thursday against a basket of developed and emerging-market currencies.皇冠平台出租（www.hg108.vip）是皇冠（正网）接入菜宝钱包的TRC20-USDT支付系统，为皇冠代理提供专业的网上运营管理系统。系统实现注册、充值、提现、客服等全自动化功能。采用的USDT匿名支付、阅后即焚的IM客服系统，让皇冠代理的运营更轻松更安全。
IT is getting harder for some emerging markets to hide from the dollar’s rampage.
Staying on the sidelines or going slow while US interest rates climb risks further degradation of already weakened currencies – and a consequent worsening of inflation at home. To stand against this tide requires fortitude and, perhaps, more than a touch of obstinacy.
In an environment where inflation is stubbornly elevated, almost no prospective Federal Reserve hike seems too big to be outlandish. Just a few months ago, the idea that an increase of 100 basis points in July would be on the table seemed extreme.
Now, it’s considered plausible. The buck has extended its surge as a result, hitting a record high Thursday against a basket of developed and emerging-market currencies.
So much for the eclipse of America as the fulcrum of the world economy. The euro has slumped to parity with the dollar for the first time in more than two decades. The Thai baht slid to its weakest since 2006 on Thursday, and the lira flirted with an all-time low. Central banks in South Korea, New Zealand, Singapore and the Philippines ratcheted up borrowing costs the past few days, the last two in surprise interventions.,
That won’t turn around their exchange rates on a sustained basis tomorrow, but it might help cushion them from dramatic retreats. These countries have good local reasons to act: inflation is too high for comfort at home. What about recalcitrants who refuse to raise rates, or prefer cuts, like Turkiye? Or nations that have pursued a less mercurial path, but have nevertheless resisted joining the rate stampede? Thailand is a good example of the latter approach.
Perhaps one of the most overlooked inflation stories from the past week was delivered by snail mail. Thailand Post Co raised prices for domestic letter and parcel deliveries.
This might seem small beer relative to the tumult on Wall Street or questions about the durability of the euro system, but it’s the first such move by the state enterprise in almost two decades and, it reflects cost pressures that have become too significant to ignore.
It required sign-off by the Thai cabinet, which is wrestling with the biggest increase in overall consumer prices in 14 years.
It’s not unreasonable to think the Bank of Thailand will be very far behind. The central bank said Thursday – after the surprise hikes in Singapore and the Philippines – that there’s no need for an emergency meeting.
This week, the bank emphasised it wants to gradually withdraw accommodation, “a smooth take-off.” With Thailand far behind regional and global peers, it’s unwise to consider this set in stone.usdt收款平台声明:该文看法仅代表作者自己，与本平台无关。转载请注明：皇冠平台出租:Who has the stomach to stand against the dollar?