2020 has been a difficult year for every country, and every government and central bank tried to do what they could to save themselves from a depression. In some countries, that meant resorting to manipulating the exchange rate to their advantage and at the cost of their trade partners. Small, export-oriented economies like Switzerland, South Korea, Taiwan, or Thailand all needed to ensure that their currencies didn’t appreciate too much against the US Dollar to stave off greater damage to their export industries.
Singapore and Switzerland in the crosshairs?
Singapore and Switzerland in the crosshairs?
Singapore and Switzerland in the crosshairs?
2020 has been a difficult year for every country, and every government and central bank tried to do what they could to save themselves from a depression. In some countries, that meant resorting to manipulating the exchange rate to their advantage and at the cost of their trade partners. Small, export-oriented economies like Switzerland, South Korea, Taiwan, or Thailand all needed to ensure that their currencies didn’t appreciate too much against the US Dollar to stave off greater damage to their export industries.