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6/15/2021 11:44:24 PM GMT | By Anil Panchal As global markets brace for the US Federal Open Market Committee (FOMC) meeting on early Wednesday, Bloomberg came out with the analytical piece suggesting a build of strong forex reserves by Asia’s emerging economies. “Central bank holdings of foreign currencies in the region’s fast-growing emerging economies hit $5.82 trillion as of May, their highest since August 2014. When China’s cash pile is stripped out, emerging Asian central banks’ reserves stood at an all-time high of $2.6 trillion,” said the piece. Bloomberg also adds, “While the Fed is expected to maintain a dovish outlook when it meets this week, economists say the accelerating US recovery means the bank will need to signal a policy turn sooner than anticipated. Central banks in South Korea and New Zealand already have said their improving economies may eventually justify higher interest rates.”

New zealandSouth koreaTuuli mccullyBank economist radhika raoUs federal open market committeeOpen market committeeEconomist radhika raoபுதியது ஜீலாந்துதெற்கு கொரியாவங்கி பொருளாதார நிபுணர் ராதிகா ராவ்எங்களுக்கு கூட்டாட்சியின் திறந்த சந்தை குழுதிறந்த சந்தை குழுபொருளாதார நிபுணர் ராதிகா ராவ்