Emerging Nations Act To Curb Dollar Impact |
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November 12, 2009
Nowhere is the weaker dollar hurting more than in emerging markets. The US currency has fallen by as much as 40 per cent since March against some emerging market currencies - such as the Brazilian real and the South African rand - which is making life extremely painful for some of their exporters.
Nowhere is the weaker dollar hurting more than in emerging markets.
The US currency has fallen by as much as 40 per cent since March against some emerging market currencies - such as the Brazilian real and the South African rand - which is making life extremely painful for some of their exporters.
The pain has reached the point where a number of developing countries have started to take measures to restrain the rise of their currencies. These include direct intervention in the foreign exchange markets as well as capital controls.
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