02.03.2015 - Emerging-Market Currencies Tumble on Growth, Stimulus Prospects
Currencies in some of the world’s biggest emerging markets tumbled Friday, as investors fret over slowing economies and signals that central banks are willing to take extra stimulus measures to juice up growth. In Asia, China’s yuan fell to the weakest level against the U.S. dollar in more than two years while Indonesia’s rupiah hit the weakest point in more than 16 years. Elsewhere, Turkey’s lira slumped to a record low in early New York trading, while Brazil’s real touched the weakest level in more than a decade before reversing the losses...............................................Full Article: Source
Print