Selling pressure in emerging market currencies accelerates following latest Lira decline

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Emerging market currencies across the globe are coming under renewed selling pressure during trading this week.

The exact catalyst behind why the emerging market currencies continue to be plagued by selling momentum is a difficult one to determine, although the latest indications suggest that the motivator could now be beyond central bank expectations for higher US interest rates. It is being suggested that the persistent Turkish Lira weakness could be weighing down on the general emerging market sentiment.

Although investors were previously treating developments around currencies like… Read More

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