Matt Dunham - WPA Pool/Getty Images Global markets are under pressure following the plunge in the Turkish lira late last week. The lira’s fall continued in Asian trade on Monday — it plunged as much as 10% when markets opened. The weakness is starting to spread to other emerging market currencies, with the South African rand crashing by as much as 10% against the greenback. Stock markets around Asia are lower, US stock futures are down, and high quality bonds are rallying. You can follow the...
Fallout from the Turkish lira's meltdown is starting to spread to markets around the world
Business Insider - 13 Aug 2018 07:16
Matt Dunham - WPA Pool/Getty Images Global markets are under pressure following the plunge in the Turkish lira late last week. The lira’s fall continued in Asian trade on Monday — it plunged as much as 10% when markets opened. The weakness is starting to spread to other emerging market currencies, with the South African rand crashing by as much as 10% against the greenback. Stock markets around Asia are lower, US stock futures are down, and high quality bonds are rallying. You can follow the...
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