EM cur­ren­cies hurt by strong dol­lar and rate hike calls

Financial Mirror (Cyprus) - - FRONT PAGE -

- The Turk­ish lira de­clined by 23.38%. are be­ing hard hit;

- Cap­i­tal flight from EM coun­tries is ac­cel­er­at­ing as dol­lar strength dom­i­nates mar­kets;

- Struc­tural weak­ness in the Chi­nese im­pact­ing de­mand for EM com­modi­ties;

- EM cur­rency weak­ness has made these cur­ren­cies the most bear­ish fi­nan­cial as­sets of all.

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