My Way News - Sinking currencies point to jitters about emerging economies
My Way News reports: "The damage spans the globe.
Thailand's baht. Kazakhstan's tenge. South Africa's rand. Peru's nuevo
sol.
In emerging markets worldwide, currencies are plunging over fears that
developing economies are on the verge of a crippling fall. Success
stories until recently, emerging economies are seen as casualties now —
of slower growth in China, plunging prices for commodities like oil and
iron ore, the prospect of higher U.S. interest rates and homegrown
threats."
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