Central banks of many countries urgently prevent a recurrence of the Asian financial crisis

The yen continues to fall, the dollar rises

On April 17, the Japanese yen continued to hit a new low since 1990, and the U.S. dollar was close to 154.80 against the yen, hitting a new high since 1990 for the fourth consecutive trading day. This situation has attracted market attention, and many central banks have begun to take emergency measures to avoid a recurrence of the 1997 Asian financial crisis.

Asian currency volatility intensifies

In addition to the decline of the Japanese yen, the Thai baht also fell by 0.5% on the day, leading the decline among Asian currencies. These fluctuations made investors uneasy and the market atmosphere became more tense.

The central bank actively responds

In order to stabilize the market, central banks around the world have taken action. They adjust interest rates and monetary policies to stabilize exchange rates and prevent the spread of financial crises. These measures will help alleviate market uncertainty.

Investors should remain vigilant

In the face of market fluctuations, investors should remain vigilant, adjust investment strategies in a timely manner, and reduce risks. At the same time, pay close attention to the policy trends of the central bank, grasp market information in a timely manner, and make wise investment decisions.

Looking to the future

Although the market faces certain risks, with the central bank's active response and investors' vigilance, it is believed that the financial market will gradually stabilize. It is hoped that the coordinated actions of central banks of various countries can effectively curb the spread of the financial crisis and create a good environment for the healthy development of the economy.