Reported 1 day ago
As the U.S. dollar continues to rise, emerging market central banks from Brazil to South Korea are taking assertive measures to stabilize their falling currencies. Notable actions include significant market interventions by Brazil's central bank, the Philippines' peso defenses, and Hungary’s interest rate increases to restore market confidence. The MSCI Emerging Markets Currency Index has experienced a notable decline, raising concerns about imported inflation and the cost of servicing foreign debts. Amid these challenges, countries are implementing strategies to manage currency volatility while facing external pressures from the dollar's strength.
Source: YAHOO