Latest / The Emerging Markets Podcast with Fexingo: Developing Economies, Growth, and Investment
Why the Strong Dollar Is Squeezing Emerging Market Imports
Lucas and Luna examine how a strengthening U.S. dollar, now above 119 on the trade-weighted index, is tightening the screws on emerging economies that depend on imports. They zero in on Turkey and Indonesia, where currency depreciation is driving up inflation and forcing central banks to choose between growth and stability. With the dollar near multi-year highs against the yuan and yen, the hosts debate whether EM central banks can hold the line or will be forced to hike rates again. A focused look at one underappreciated transmission mechanism of dollar strength.
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The skinny
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