(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.
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Friday, August 21, 2015
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