조회 수 4417 추천 수 0 댓글 0
?

단축키

Prev이전 문서

Next다음 문서

+ - Up Down Comment Print
?

단축키

Prev이전 문서

Next다음 문서

+ - Up Down Comment Print
By Marc Jones

LONDON, May 16 (Reuters) - Turkey's record-low lira was among a host of heavyweight emerging market currencies pinned to the canvas on Wednesday after the dollar put on another brutal show of strength.

A rout that has taken hold in poorer economies in recent weeks was showing little sign of easing, having been compounded by another push up in global borrowing costs and some generous helpings of political strife.

The lira, which along with Argentina's peso has been at the heart of the storm, slipped toward 4.5 to the dollar and hit a new low versus the euro on worries President Tayyip Erdogan will take more control of interest rates if he wins elections next month as expected.

News that North Korea had called off high-level talks with South Korea, after Seoul had held military drills with the United States, also dented risk appetite, though the won managed to recover from an early wobble.

"The external environment is a significant factor here," said Stuart Culverhouse, chief economist at emerging market specialist Exotix.

He added news overnight that Argentina had asked the IMF for a "high access stand-by arrangement" rather just a flexible credit line -- a move that along with FX intervention had lifted the battered peso -- was "mildly positive". "But it doesn't necessarily detract from the funding pressure that some countries will come under if this (EM sell-off) continues."

Argentina's peso had bounced almost four percent, but has lost around a quarter of its value against the greenback since the start of the year. Year-on-year inflation in the country is running a dizzying 25.5 percent.

The IMF negotiations also carry political risks for President Mauricio Macri, in a country where many blame IMF-backed policies for a 2001-2002 economic meltdown.

UNDER PRESSURE

Other spots internacionales de hoy also saw some relief. South Africa's volatile rand rose as did Poland's zloty ahead of an interest rate decision there later which is expected to see them held steady.

EM credit default swap markets were mostly quieter. Lebanon dollar bonds also stabilised, having hit record lows on Tuesday in the wake of violent clashes in nearby Gaza and the U.S. decision last week to withdraw from the Iran nuclear deal.

Following recent elections, Lebanon is seen as a potential point for a proxy war between Iran and Israel. It is also the world's third most indebted nation after Japan and Greece, with a debt-to-GDP ratio of more than 150 percent.

South Korea's won managed to shrug off the initial negative reaction to North Korea's move to cancel its high-level talks with Seoul which was the first sign of trouble in what have been fast warming ties in recent months.

More broadly though the dollar's strength had caused widespread pressure across Asia.

Thai baht and the Indonesian rupiah suffered the biggest losses with the latter left at its lowest point in over two-and-a-half years at 14,105 per dollar, a day before a key central bank policy decision.

India´s rupee fell to its lowest in well over a year too, before recovering some ground amid signs of FX intervention from authorities.

MSCI's widely tracked 24-country EM stocks index nudged down for a second day, while the average yield on EM local currency debt shuffled up to almost 6.4 percent on JP Morgan's widely-followed JP Morgan bond index..

That average yield had been at six percent at the start of April with the rise representing a significant potential rise in borrowing costs.

For GRAPHIC on emerging market FX performance 2018, see website For GRAPHIC on MSCI emerging index performance 2018, see website

For TOP NEWS across emerging markets

For CENTRAL EUROPE market report, see

For TURKISH market report, see

For RUSSIAN market report, see)

(Editing by William Maclean)

Advertisement

List of Articles
번호 제목 글쓴이 날짜
공지 통판 게시판입니다. 마음껏 사용해주세요. 1 검은도시 2014.08.31
221 Jednakże taki parkiety był normą poza tym catering dietetyczny warszawa cennik otyliadziob 2020.10.31
220 Jednak to znaczy sami jesteśmy w a ponadto tanie diety pudełkowe warszawa justynafutro 2020.10.30
219 Jednak oświetlenie możemy podzielić na parę a ponadto panele winylowe soniassaki 2020.10.31
218 Jakimi aspektami ona mediom, inni ynetele 2021.03.27
217 jaka dobrze służy do niestety niestety wielu części swojego domu ivulaja 2018.04.22
216 jak wiele środków istnieją mu winni udegew 2018.03.04
215 jak tylko dostaną się na imprezę obifo 2018.04.16
214 Jak pada ono na naszą także diety pudełkowe warszawa bozennadziob 2020.10.28
213 Jak bądź zazwyczaj umieszcza je się a także tanie diety pudełkowe warszawa leontynamieczak 2020.10.30
212 Istnieją wytrzymałe i dają rewelacyjny jak również poliwęglan komorowy warszawa teofilaomulek 2020.10.26
211 Inwestując na rynku nieruchomości. dodatkowo szalunki ścienne sprzedaż tatianaostryga 2020.10.30
210 In which i could envisage additional piece of writing about it uhepugo 2021.08.03
209 Idealne sex serwisy są godne uwagi imixo 2021.11.29
208 Ich trwałość na urazy mechaniczne poza tym poliwęglan komorowy warszawa tatianagrzywa 2020.10.26
207 Hướng Dẫn Cách Chơi Chi Tiết Tại BayVip Club WillFrey382933043512 2022.03.24
206 Hướng Dẫn Cách Chơi Chi Tiết Tại BayVip Club ShaynaVroland8764 2022.03.24
205 Hướng Dẫn Cách Chơi Chi Tiết Tại BayVip Club HungNoack61978034 2022.03.24
204 Hướng Dẫn Cách Chơi Chi Tiết Tại BayVip Club EfrenDugger2795821 2022.03.25
203 Hướng Dẫn Cách Chơi Chi Tiết Tại BayVip Club DougBrittain76254235 2022.03.25
202 Hướng Dẫn Cách Chơi Chi Tiết Tại BayVip Club TashaHilton1325201 2022.03.25
Board Pagination ‹ Prev 1 ... 21 22 23 24 25 26 27 28 29 30 ... 37 Next ›
/ 37

나눔글꼴 설치 안내


이 PC에는 나눔글꼴이 설치되어 있지 않습니다.

이 사이트를 나눔글꼴로 보기 위해서는
나눔글꼴을 설치해야 합니다.

설치 취소

Designed by sketchbooks.co.kr / sketchbook5 board skin

Sketchbook5, 스케치북5

Sketchbook5, 스케치북5

Sketchbook5, 스케치북5

Sketchbook5, 스케치북5