SG Talk

Look at the Japanese  central banks attempt to support the Yen. The Pound is unbelievably heading for parity with USD.

Central banks have to begin derisking the forex market before some disaster occurs. During the Obama era currency swap system was established so the situation does not turn into chaos and worsen the impending global recession.

S.korea says it can stabilised on its own without swaps with US. This is not possible. It will just drain its reserves.

I really don't see why they are not doing the swaps which is not difficult and tell the speculators to shoo off ....otherwise you get 3 monkeys on your back.

I am really surprise central banks are still waiting around at this pivotal moment .....



https://www.reuters.com/markets/asia/sko...022-09-25/