• Why an Emerging Market Rout Has Hit Indonesia So Hard

    2 monthes ago - By Washington Post

    As a full-blown financial crisis in Turkey threatens to engulf global emerging markets, Indonesia is taking a bigger knock than its peers in Asia. The rupiah slumped to an almost three-year low against the dollar and stocks are being dumped. The central bank is selling billions of dollars from its reserves to halt the rout and may be forced to raise interest rates again after three hikes since mid-May.
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  • Turkish lira pulls back from record low after central bank frees up liquidity

    2 monthes ago - By Reuters

    Turkey's lira pulled back from an overnight record low of 7.24 to the dollar on Monday after the central bank pledged to provide liquidity and cut lira and foreign currency reserve requirements for Turkish banks.
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  • Asia shares dip as Turkey's lira tanks

    2 monthes ago - By Reuters

    Asia share markets skidded and the euro hit one-year lows on Monday as a renewed rout in the Turkish lira drove demand for safe harbors, including the U.S. dollar, Swiss franc and yen.
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