35 minutes ago // VOA
Troubles Loom for Emerging Market Currencies
Currencies in many emerging market nations have been buying less and less for more than a year.
In sometimes turbulent trading, the currencies of Brazil, Russia, Chile, Turkey, Malaysia, Indonesia, and other nations have fallen sharply, in some cases losing 20 percent of their value or even more.
Joshua Brockwell, of Azzad Asset Management, said emerging market currencies have been hurt by the soaring dollar, falling commodity prices, and worries about slowing global economic growth.