Latest / The Emerging Markets Podcast with Fexingo: Developing Economies, Growth, and Investment
How Emerging Market Currencies Crack in a Strong Dollar
The US dollar is hitting multi-year highs, and emerging market currencies are paying the price. Lucas and Luna examine why a strong dollar is crushing EM debt, squeezing import-dependent economies, and creating a new stress test for central banks from Brazil to Indonesia. They break down the mechanics: dollar-denominated debt becomes more expensive, commodity exporters face price compression, and local currencies slide. Using the latest June 2026 data—with the trade-weighted dollar index at 120.1 and the yuan steady at 6.77—they explain why some EM currencies are holding up better than…
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