Why The U.S. Dollar Is Causing Chaos In Emerging Markets

Bloomberg

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Mixed Factuality

Individual: Michael Bloomberg

Private Equity: The Vanguard Group

Why The U.S. Dollar Is Causing Chaos In Emerging Markets

(Bloomberg) -- Emerging-market currencies have tumbled this year as the dollar has gone from strength to strength. Taiwan’s currency dropped to the lowest level in almost eight years this week, India’s rupee slumped to a record, and Malaysia’s ringgit is close to the weakest since the Asian financial crisis in 1998. All except one of the 23 main developing-nation currencies tracked by Bloomberg have fallen against the greenback this year. What’s…