While policymakers’ efforts to prop up the renminbi and the yen alone are not enough to generate a lasting turnaround, they will probably do enough to buy time until US interest rate expectations and Treasury yields fall back and the dollar depreciates of its own accord.
In view of the wider interest, we are sending this FX Markets Update to clients of the China and Japan Economics services.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services