Rising Dollar Sparks Tumult in Emerging Markets

Rising Dollar Sparks Tumult in Emerging Markets

A resurgent greenback is exposing weaknesses in the creating world, pushing traders to unwind long-held bets on emerging-market shares, bonds and currencies.

Ripples from the greenback’s comeback have unfold. Indonesia’s central financial institution on Thursday raised rates of interest for the primary time in 4 years to arrest a drop in its foreign money; Hong Kong’s financial authorities final week stepped in to prop up the territory’s weakening greenback. The Turkish lira fell to recent lows in opposition to the U.S. greenback, whereas Brazil’s actual declined to its…

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