CCTV News: Federal Reserve officials reiterated in a series of recent speechesamusementgames, will maintain high interest rates for some time, and some officials even said that the possibility of raising interest rates again will not be ruled out. In response, many foreign media recently commented that the Federal Reserve's keeping interest rates high will lead to global capital flow to the United States, putting pressure on the currencies of many countries, which may have serious consequences for the world economy.
Reuters reported on the 24th that the US dollar exchange rate is expected to hit its largest weekly gain in a month and a half, and various currencies, including the yen, will be under pressure. On the 29th of last month, the exchange rate of the yen against the US dollar once fell to 160amusementgames.24 yen to 1 US dollar, setting a new record low since April 1990. Although Japan's Ministry of Finance is suspected to have intervened in the foreign exchange market twice, Japanese media and experts generally believe that while the interest rate spread between Japan and the United States is difficult to narrow, the yen's depreciation trend is likely to continue, putting significant pressure on the Japanese economy and not conducive to Japan's exit. Deflation also puts pressure on Japan's retail, energy, aviation and other industries, increasing the burden on companies that rely on imported raw materials.
The Korean National Daily believes that the exchange rate of 1300 to 1350 won to 1 US dollar may become the "new normal." Some South Korean industry insiders believe that the depreciation of the Korean won and the sharp rise in international oil prices will increase the cost burden on enterprises and increase the possibility of further stagnation of domestic demand in South Korea.
In addition, Asian currencies such as the Indian rupee and the Indonesian rupiah continue to walk out of the downward curve. The New York Times reported that the world's major currencies have fallen against the US dollar this year. This is an unusual change that may have serious consequences for the global economy. Nearly 90% of the world's foreign exchange transactions involve the US dollar. The strengthening of the US dollar has exacerbated overseas inflation.
