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    HomeNewsOpinionStrong dollar fuels wave of emerging market currency devaluations

    Strong dollar fuels wave of emerging market currency devaluations

    Economists say further economies likely to follow Egypt, Pakistan and Lebanon in letting exchange rates weaken

    Financial Times
    ©The Financial Times Limited 2020 Feb 15, 2023 / 12:31 PM IST
    All Rights Reserved. FT and Financial Times are trademarks of the Financial Times Limited Not to be redistributed, copied or modified in any way.
    With the US currency remaining historically strong despite falling back slightly since October, economists and investors warn that a further slew of emerging and frontier markets may be forced to succumb to market forces and follow suit. (Photo by Chung Sung-Jun/Getty Images)
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