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It’s Carnage Out There for Emerging Markets
Saturday, September 26, 2015 10:58
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by Dhara Ranasinghe
CNBC.com
It’s been another week of bloodshed in emerging markets, with the Brazilian real, South African rand and Turkish lira all pummelled to record lows as China growth concerns and uncertainty about U.S. rate hikes continue to bite.
Remarks by U.S. Federal Reserve Chair Janet Yellen late Thursday suggesting the central bank could still raise rates this year sparked fresh selling on Friday, with the Malaysian ringgit and Indonesian rupiah falling to their lowest levels since the Asian financial crisis in 1998.
Source: http://financialsurvivalnetwork.com/2015/09/its-carnage-out-there-for-emerging-markets/?utm_source=rss&utm_medium=rss&utm_campaign=its-carnage-out-there-for-emerging-markets
