Fisher: Don’t Sweat the Impact of the Strong U.S. Dollar on Asia
After a first-half fearfest, a new scare has Western investors shivering: the surging U.S. dollar, which many worry will spark big problems throughout Asia — whacking your neighboring trade partners. The greenback is up 8.8% this year against a trade-weighted global currency basket — 15.8% since June 2021. Many see the sinking Thai baht and Indian rupee — both down nearly 7% against the dollar year-to-date — presaging a looming currency contagion. But no. This isn’t 1997. A sizzling dollar no longer packs sufficient power to wallop China’s trade partners and ripple through your economy. See dollar fears for what they truly are: a sign of pulverized sentiment — counterintuitively bullish fuel for 2022’s remainder.
Ken Fisher is the founder and executive chairman of Fisher Investments, a money management firm serving large institutions and high net worth individuals globally.
- 1Fugitive Billionaire Guo Wengui Arrested in New York
- 2China Strengthens Communist Party Oversight of Financial Sector
- 3Regulators Tighten Grip on China’s $2.9 Trillion Private Fund Industry
- 4China’s Bond-Feed Turmoil Triggered by Data Monopoly, Compliance Concerns, Sources Say
- 5Cover Story: 2008 Redux? SVB Collapse Raises Questions About Banking Oversight
- 1Power To The People: Pintec Serves A Booming Consumer Class
- 2Largest hotel group in Europe accepts UnionPay
- 3UnionPay mobile QuickPass debuts in Hong Kong
- 4UnionPay International launches premium catering privilege U Dining Collection
- 5UnionPay International’s U Plan has covered over 1600 stores overseas