Definitely, a US dollar strength issue. Since the start of 2018 the US has been exporting major inflation to a whole host of countries and crushing their currencies. Here a list of the ones that already have big issues or are about too; Brazil, Turkey, India, Indonesia, Mynamar, South Africa, Venezuela, Argentina, and Russia to name a few. I figure by year-end, after 2 more FED rate increases people will start to see the nastiness coming. (fear)
Here a scorecard. Turkey’s Lira Is Broken. Who’s Looking Most Vulnerable? https://www.bloomberg.com/news/arti...-broken-who-s-looking-most-vulnerable-graphic
Definitely, a US dollar strength issue. Since the start of 2018...
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