You are here

EM currencies allowed to slide after yuan

Fears of slow global growth, depressed oil and gas prices lead govts to let values drop
Monday, August 24, 2015 - 05:50

356974200824.jpg
The world's emerging economies are allowing their currencies to slide in a quest to remain competitive, following China's devaluation of the yuan and the US dollar's strength in anticipation of US rate hikes.

London

THE world's emerging economies are allowing their currencies to slide in a quest to remain competitive, following China's devaluation of the yuan and the US dollar's strength in anticipation of US rate hikes.

The currencies of emerging nations in Asia have especially

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom