Emerging markets currencies in the crosshairs

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Emerging market currencies have taken a real beating from King Dollar in recent days with the South African Rand, Turkish Lira and Indonesian Rupiah among many others witnessing steep losses.

It was another day, another record low for the Indonesian Rupiah which tumbled to levels not seen since the 1998 financial crisis past 15,180. While expectations may mount over Bank Indonesia raising interest rates once again to defend the Rupiah, this may do little to limit the downside. In South Africa, the Rand shed roughly 4.26% against the Dollar since the start of the trading week while the Lira… Read More

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