06.10.2014 - Lira leads the way in emerging-currency devaluation
The beleaguered Turkish Lira has become the most fragile currency after the Fed signaled that the lower liquidity environment is coming earlier than expected. The United States’ Federal Reserve (FED) will cut its bond-buying program as part of plans to end a program that served to support its country’s economy since the global crisis and will slowly increase interest rates. Following this message from the FED, the capital outflow from “emerging countries” has caused significant losses in local currencies in the past 16 months...............................................Full Article: Source
Print