Feeling the pain in emerging markets
15 August 2018
... min read
15 August 2018
Stronger dollar, Trump trade wars unsettle global markets.
The sharp fall in the value of the Turkish lira has unsettled markets and sparked a global sell-off of emerging market currencies and debt. Investors, banks and governments are scrambling to respond and stay a step ahead of developments. ING's economists weigh in on which countries and currencies could feel the most pain, on the political dimensions that are adding uncertainty and on where events could go from here.
Watch: FX markets are on the frontline in Trump’s economic war
ING’s Head of FX Strategy, Chris Turner, talks about how emerging market FX, notably the Turkish lira, the Russian rouble and the Chinese renminbi, are coming under increasing pressure amid Donald Trump’s ‘economic war’.