Reported about 16 hours ago
Emerging-market currencies are increasingly reliant on central banks to defend against speculative attacks and fiscal challenges, with interventions evident across Latin America and Asia. The People's Bank of China is taking steps to stabilize the yuan amid disappointing fiscal actions and economic pressure from the US, while other nations like Brazil and Colombia are also navigating rising budget deficits. Analysts caution that without addressing fiscal responsibility, the effectiveness of monetary interventions will be limited, as investor confidence remains low and skepticism towards government fiscal maneuvers grows.
Source: YAHOO