Latest / The Emerging Markets Podcast with Fexingo: Developing Economies, Growth, and Investment
How the Strong Dollar Is Reshaping Emerging Market Debt
In this episode of The Emerging Markets Podcast, Lucas and Luna drill into one specific pressure point hitting developing economies in mid-2026: the relentless rise of the US dollar. With the trade-weighted dollar index hitting 120.4 and the yen sliding past 161 per dollar, emerging markets that borrowed in dollars are feeling the squeeze. Lucas walks through the mechanics of currency mismatch, why dollar-denominated debt becomes heavier as local currencies weaken, and how this is playing out differently across regions. He cites the latest sell-off in Korean and Taiwanese ETFs — EWY down over…
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