Thursday 28 Mar 2024
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SINGAPORE (Sept 19): The freefall of the Turkish lira looks to have been halted for now, yet the crisis may have medium- to long-term ramifications on global currency markets, says a report by InstaReM, a cross-border payments company headquartered in Singapore.

While some market watchers believe that the strong dollar may affect the Emerging Markets, especially those with high current account deficits, high external debt repayments and very high foreign-currency government debt, another section of experts suggests that Turkey’s troubles are specific to the country and should not cause contagion effect in the region or the other Emerging Markets.

To recap, the US dollar has made a strong comeback this year, largely on the back of a strong US economy and... (Click here to read the full story)

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