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US$ rise hits emerging market borrowers

China, Brazil, India, Indonesia and other Asia sovereign and corporate debts have largely been in US currency since 2009

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Published Wed, Jan 13, 2016 · 09:50 PM

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    US$ appreciation

    London

    THE surge of the US dollar is squeezing emerging-market and other sovereign and corporate borrowers.

    So much so that interest and repayments of foreign debt are underpinning the US currency, especially against Asian and other emerging- market currencies.

    US dollarEmerging markets

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