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Japanese yen and US dollar notes are seen in this illustration. — Reuters

IT never rains but it pours. Every day this summer, we are bombarded by bad news – raging forest fires, the continuing Ukraine War, random shootings in different cities, a mutating Omicron, Monkeypox and rising debt distress all over.

The good news for some is that the United States dollar is stronger than ever. Or is that bad news for others? In the Bali G20 financial ministers and central bank meeting held last week, there was concern that currency volatility could trigger more instability in the emerging markets.

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