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Currency Trends in Emerging Countries: July 2018 (Monthly Report)
2018-08-06 17:22:16| EmergingTextiles.com
The renminbi has once again fallen drastically against the dollar in July amid trade tensions with the US, raising speculations about a currency war and putting pressure on authorities to take countermeasures. The Turkish lira also continues to depreciate amid the countrys crisis, fueling worries around the central banks independence. Following a period of harsh depreciation, the Indian rupee has in July remained stable due to interest rate increases and lower oil prices. Our monthly statistical report covers the past two years and displays a comprehensive view of currency values against the US dollar but also v. the euro, the British pound, the Indian and Pak rupees, and the Chinese renminbi over a 2-year period.
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