Friday, August 21, 2015

Sinking currencies point to jitters about emerging economies

(AP) The damage spans the globe.

Thailand's baht. Kazakhstan's tenge. South Africa's rand. Peru's nuevo sol.

In emerging markets worldwide, currencies are plunging over fears that developing economies are on the verge of a crippling fall. Success stories until recently, emerging economies are seen as casualties now - of slower growth in China, plunging prices for commodities like oil and iron ore, the prospect of higher U.S. interest rates and homegrown threats.

Read full article here.

0 comments:

Post a Comment

 
Copyright © 2014. World Issues Truth . All Rights Reserved
Home | | Contact Us | Privacy policy | About | | Site map
Design by Herdiansyah . Published by Borneo Templates