Emerging market currencies have been falling steadily since the start of the year due to global trade tension and higher oil prices. In this video, Joanna Sawicka, emerging Europe research analyst, explains the driving factors behind these devaluations, focusing on Russia and Turkey. The ruble is down 17 percent year to date due to fears of more U.S.-imposed sanctions while the lira has fallen 40 percent as Turkey faces stagflation and political instability.
For Joanna’s full explanation, watch the video below!
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