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Currency Trends in Emerging Countries: January-September 2018 (Monthly Report)

2018-10-01 20:23:58| EmergingTextiles.com

Emerging currencies have sharply dropped in the first three quarters of 2018, potentially boosting exports to the Western markets. The US Fed has further raised its benchmark interest rate in September, offering therefore some more support to the US dollar. The Turkish lira has sharply rebounded whereas the Sri Lankan rupee was plunging. Our monthly statistical report covers the past two years and displays a comprehensive view of currency values against the US dollar but also v. the euro, the British pound, the Indian and Pak rupees, and the Chinese renminbi over a 2-year period.

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