Affected by the strong US dollar, the situation of non-US currencies is not optimistic. Among them, the pound has fallen to its lowest point in the past 37 years, and even tried on the verge of parity with the US dollar on the 26th. Of course, India also "can't escape this disaster."
After the Indian rupee broke through the 81 mark for the first time against the US dollar on the 22nd, the Indian rupee hit a record low of 1:81.61 against the US dollar as of the 26th. It is understood that this year, the exchange rate of Indian rupee against US dollar has fallen by 9.7% , , and since 1949 has been recorded in 3 years, the rupee has depreciated against the US dollar 91% , hitting a new low in 3 years.
(Source: Zitu.com)
Of course, in the context of a certain degree of depreciation of many currencies around the world, India's depreciation in Asia is still a small matter compared to Japan and South Korea.
Federal 21 announced its fifth hike of this year, but the exchange rate of the yen against the US dollar quickly fell to the 145 range. Relevant data shows that the yen depreciated this year has exceeded 25%. OECD estimates that if denominated in US dollars, Japan GDP may see a situation below 4 trillion US dollars for the first time this year, and its GDP may also fall back to 303 years ago .
(Source: Zitu.com)
On the other hand, South Korea is also feeling headaches for its country's "bad status quo". Also after the Fed raised interest rates on on the 21st, the Korean won exchange rate set a record low since March 2009, falling below the 1400:1 mark. By the 26th, the Korean won continued to decline against the US dollar.
It is understood that in the past three months, the Korean won has fallen by nearly 10% against the US dollar, becoming the "worst currency" in the Asia-Pacific region. Therefore, some economists have warned about the current trend in South Korea that the Korean won may fall below the 1500 mark by the end of this year.
(Source: Zitu.com)
From this perspective, the Fed's large-scale interest rate hike behavior has brought great pressure and impact to global currencies, but the United States is addicted to "cutting leeks", and I think it doesn't care about the feelings of other countries.
text | Wei Yansong Title | Huang Zixin Review | Zeng Yi
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