Monday’s links

  1. The Ukraine war has reached a turning point – FT Opinion
  2. Depleting Reserves Spell Risks for Emerging Asian Currencies – Bloomberg
  3. Why Is the USD So Strong? American Innovation – WSJ
  4. Former Insider Predicts Ugly Times Ahead As Fed Shrinks Its Balance Sheet – Barron’s
  5. Fed governor backs ‘significant increase’ in benchmark rate – FT
  6. Vanishing Bond Market Liquidity Bad for Fed Balance Sheet Unwind – Bloomberg