조회 수 4972 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

  1. 통판 게시판입니다. 마음껏 사용해주세요.

    Date2014.08.31 By검은도시
    read more
  2. Dobra uczesanie na ciele przez randkę

    Date2021.05.16 Byalihejohe
    Read More
  3. Dobrze ułożony jadłospis i systematycznie wykonywana aktywność fizyczna może pomóc odmienić Twoje codzienne życie! 2022

    Date2023.04.15 Byunajeq
    Read More
  4. Dobrze ułożony jadłospis oraz fizyczna aktywność może pomóc odmienić Twoje codzienne funkcjonowanie! 2022

    Date2023.04.15 Byuzefalix
    Read More
  5. Dobrze ułożony jadłospis oraz regularna aktywność fizyczna mogłaby pomóc zmienić Twoje codzienne życie! 2022

    Date2023.04.14 Byyruraw
    Read More
  6. Dobrze zbilansowana dieta oraz systematyczna aktywność fizyczna pomoże zmienić Twoją codzienność! 2022

    Date2023.04.16 Byyjodat
    Read More
  7. Dokonania także ewidentnego użytkowania

    Date2021.05.21 Byyjibixu
    Read More
  8. Dokładnie dlaczego Młodzi Naprawdę lubię Czas

    Date2022.10.31 Byofezeg
    Read More
  9. Dokładnie dlaczego Niemowlę Ciesz się Zwiedzanie dla 5randki.pl

    Date2023.11.22 Byykonup
    Read More
  10. Dostrzeż dziewiętnaście pomysłów co do {boskie flirty|boskieflirty|skutecznym flircie|tym jak flirtować)

    Date2020.11.20 Byolymezata
    Read More
  11. Dowożone są zawsze terminowo, wraz z gerflor

    Date2020.10.28 Bydanielapajak
    Read More
  12. Drugim ważnym aspektem jest zdrowie, także wyłazy dachowe

    Date2020.10.28 Byjozefahomar
    Read More
  13. Dużo począwszy od randki obowiązującej kwestii

    Date2024.09.10 Byucatagex
    Read More
  14. dużo Więcej informacji znajdziesz dużo dużo Więcej informacji znajdziesz

    Date2018.04.06 Byoxyroz
    Read More
  15. dużo Więcej informacji znajdziesz dużo więcej informacji odnajdziesz

    Date2018.04.06 Byibilibyp
    Read More
  16. Dzięki tej metodzie grzewczej, powietrze poza tym szalunki słupowe do wykopów

    Date2020.10.29 Bycelinamieczak
    Read More
  17. Dzięki temu będziemy dokładnie bezpieczni tudzież szalunki słupowe do wykopów

    Date2020.10.29 Byzanetakopyto
    Read More
  18. Eelationship finished up staying guessed

    Date2021.07.31 Byoneruga
    Read More
  19. Efekty widoczne istnieją nie prędzej po w podobny sposób cateringi dietetyczne warszawa

    Date2020.10.30 Byedytagrzywa
    Read More
  20. Elementów będących zniweczyć zasłużoną komunikację o

    Date2020.08.25 Byijotyveri
    Read More
  21. EMERGING MARKETS-Lira On The Ropes As EM Currency Beating Goes On

    Date2018.05.19 ByRamonZ0994388564
    Read More
Board Pagination ‹ Prev 1 2 3 4 5 6 7 8 9 10 ... 38 Next ›
/ 38

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