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Why the dollar is causing chaos in emerging markets - In Spotlight - The Economic Times
Emerging-market (EM) currencies have tumbled this year as the dollar has gone from strength to strength. Taiwan’s currency dropped to the lowest level in almost 8 years this week, India’s rupee slumped to a record, and Malaysia’s ringgit is close to
By: The Times of India
- Apr 18 2024
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Growing expectations that US rates will stay high has deterred Asian central banks from cutting their own benchmarks due to fears about potential currency weakness.Policymakers across the region have… [+745 chars]