Strong dollar puts these emerging markets in danger of following Turkey’s slide

Source:Market Watch Date:24Aug2018

“What do the Turkish lira, the Iranian rial, the Russian ruble, the Indian rupee, the Argentine peso, the Chilean peso, the Chinese yuan and the South African rand all have in common? They’ve all declined steadily this year, and some have depreciated dramatically in recent weeks. But this isn’t the whole story. The whole story is that each of these countries is sitting on a ticking time bomb of U.S. dollar-denominated debt”, says the article in Geopolitical Features.