Jun
28
Emerging-Market Central Banks Are Losing Battle Against Traders
By-
Selloff forces EM central banks to raise interest rates
- Currencies have struggled to find a floor despite rate moves
Central banks in emerging economies are losing the battle with markets as their efforts to shield their currencies struggle for traction, suggesting policy makers have more work to do.
Rising U.S. interest rates, the strong dollar, higher oil prices, China’s market and economic wobbles and fears of a global trade war are conspiring to pressure emerging-market currencies. Here’s a look at how markets have responded to recent central bank moves:
Emerging-Market Central Banks Are Losing Battle Against Traders
