Kriptokoin.com – The worries about global growth have affected the currencies of emerging markets very badly, the Turkish Lira has suffered the greatest depreciation against the Dollar since last summer.
The USD gained 5.4% against the Turkish Lira and closed the week at 5.76. The currencies of other emerging markets also have their share. The Brazilian Real lost around 3% and the South African Rand lost 2%. Declines have also occurred in the Argentine Pesos, Russian Rubles and the Mexican Peso.
The new economic data released on Friday deepened concerns about the health of the global economy and focused on risky assets such as stocks. Since the beginning of this year, a report says that the euro-zone production has seen a decrease of six years in March, while production in the US has declined to its lowest level in about two years.
Many investors see emerging markets as relatively risky. Some investors also need to act quickly to alleviate their position in the asset class when worried about global growth.
The dollar also raised against advanced market currencies as the US is expected to move better than other economies if global growth continues to slow down.
Japanese Yen / Dollar Dry
The WSJ Dollar Index, which measures the US currency against the basket of 16 other currencies, has also risen by 0.2% to 89.66.
Meanwhile, the Japanese Yen has appreciated against the US dollar on the basis of an increase in assets that are considered safe ports, such as gold and government bonds, due to concerns about global growth.
The dollar fell 0.8% against the yen and fell to 109.91 yen. The euro traded at $ 1,1299, down 0.7%.
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