Latest / International Business with Fexingo: Global Trade, Cross-Border Deals, and Multinational Operations
Emerging Markets Are Getting Crushed Here Is Why
In the debut episode of International Business with Fexingo, Lucas and Luna look at one stark number: the iShares MSCI South Korea ETF (EWY) down 7.7% in a single week, and the broader emerging-market selloff that has erased over 4% from the VWO. They trace the root cause to the surging dollar—the trade-weighted dollar index at 119.3, its highest in years—and explain why a strong dollar is a wrecking ball for countries carrying dollar-denominated debt. Lucas digs into the mechanics: how a stronger dollar forces emerging-market central banks to raise rates, choke off growth, or risk currency…
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