Emerging-market central banks take action against rising dollar

Central banks of the emerging markets, from Brazil to South Asia, have been finding ways to offset a growing dollar. According to a Bloomberg report, Gov. Eli Remolona said on Friday that the Philippine Central Bank was closely watching the peso drop and intervening in currency markets. Indonesia promised to defend the rupiah (IDR) to stabilize markets, while […] source: https://www.cryptopolitan.com/em-central-banks-rising-dollar/