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US Dollar strength is more worrisome than inflation for Asia, economist says
Exchange rate weakness in the face of a strong U.S. dollar is a bigger concern for Asia than inflation, Taimur Baig, managing director at DBS Bank in Singapore, told CNBC on Thursday. “We’re not particularly worried about inflation driving policy, but exchange rate weakness, dollar liquidity drying up, those things [are] a bigger issue, [and issues such as] the balance of payments angle,” Baig told CNBC’s “Street Signs Asia.” “If indeed input prices are going up for next year, even a country like India — which produces a lot of food for itself and exports to the rest of the world — would start ... (full story)
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