, Columnist
The Dollar's Rampage Is on Hiatus. Is Asia Ready?
Asian policymakers should seize the moment and shore up growth.
A respite from the dollar’s slide is an opportunity for Asia.
Photographer: Lisa Marie David/BloombergThis article is for subscribers only.
The epic rally that drove the dollar to its best performance in almost a decade is taking a breather. For policymakers in Asia, who were pushed into making uncomfortable choices in 2024 as their currencies swooned, the challenge is to use the respite wisely.
It’s not that the greenback is necessarily headed for a rough year; it's only March, and 12 months ago many strategists were mistakenly bearish. Nor is it remotely time for an obituary, however much President Donald Trump may be trying to reshape the economics and politics of the era.