• These are the countries most at risk if Turkey's lira crash spirals into a debt crisis

    1 month ago - By Business Insider

    The collapse of the Turkish lira and the strong dollar have hit emerging market currencies globally.
    If the trend continues, countries may start to have trouble paying back dollar-denominated debts.
    Analysts say Argentina, Pakistan, South Africa, and Colombia are among those most at risk.
    LONDON - The collapse of the Turkish lira against the dollar is the focus of global markets but emerging market currencies are getting hammered across the board and there are concerns that the issue could spiral from a currency crisis into a debt crisis.
    The Indian rupee hit an all-time low against the...
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  • Turkey's lira is rallying after a $15 billion loan from Qatar

    Turkey's lira is rallying after a $15 billion loan from Qatar

    1 month ago - By Chron

    REUTERS/Umit Bektas/File Photo
    Turkey's lira crashed to an all-time low against the dollar on Monday, but has since been recovering.
    Qatar boosted the emerging market currency on Thursday with a $15 billion loan.
    You can follow the lira live on Markets Insider.
    The Turkish lira continued to retreat from its historic low against the dollar on Thursday after Qatar announced a $15 billion funding package for Turkey's wobbling economy.
    The dollar is down 2.5% against the lira to 5.8052 at 8.12 a.m. BST on Thursday morning. It follows a surge over the last week and a half that saw the dollar...
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  • Emerging Markets Hurting Amid U.S. Dollar's Rebound

    Emerging Markets Hurting Amid U.S. Dollar's Rebound

    1 month ago - By ETF Daily News

    From Adem Tumerkan : Since March - the dollar's rallied over 7%. And it's caused the Emerging Markets to implode.
    But the bigger problem is what lies ahead .
    And that's a global dollar shortage - which the mainstream continues to ignore.. .
    I've touched on this a couple months back. Wondering when the mainstream would start to realize that the stronger the dollar gets - the more pressure global economies will feel.
    I wrote. .. “ This is going to cause an evaporation of dollar liquidity - making the markets extremely fragile. Putting it simply - the soaring U.S. deficit requires an even...
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