# Turbulence Roils Emerging Markets In The Shadow Of A Strengthened U.S. Dollar

> NPR reports that emerging market currencies sold off in early September 2018, with the Indian rupee hitting an all-time low of over 71 per dollar. Currencies including the Turkish lira, Argentine peso, Indonesian rupiah and South African rand also fell to historic lows, which analysts blamed partly on rising US interest rates.

- Date: 2018-09-05 · published 2018-09-05T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/63326-turbulence-roils-emerging-markets-in-the-shadow-of-a-strengthened-u-s-dollar
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md), [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Broad emerging-market currency weakness raises import costs for feed-buying importers in these countries and can reduce their purchasing power for US and Brazilian grains and meals.

## Read by commodity

- DXY: bullish ▲
- USDARS: bullish ▲
- USDINR: bullish ▲
- USDZAR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-03-19 | [Why the U.S. dollar’s relentless rally is causing pain for emerging markets - MarketWatch](https://feedsoft.ai/events/7018-why-the-u-s-dollar-s-relentless-rally-is-causing-pain-for-emerging-markets.md) | +0.5% | -0.9% |
| DXY | 2026-09-30 | [Sterling 'hammered' by Dollar strength, markets price in almost 80% chance of November BoE hike](https://feedsoft.ai/events/17740-sterling-hammered-by-dollar-strength-markets-price-in-almost-80-chance-of.md) | -0.1% | +0.7% |
| DXY | 2022-08-29 | [Why is the U.S. dollar so strong right now? - Marketplace](https://feedsoft.ai/events/40218-why-is-the-u-s-dollar-so-strong-right-now-marketplace.md) | +0.6% | +4.4% |
| DXY | 2022-07-29 | [The strengthening of the U.S. dollar against the Latin American currencies - Latinoamérica 21](https://feedsoft.ai/events/40785-the-strengthening-of-the-u-s-dollar-against-the-latin-american-currencies.md) | -0.2% | +0.8% |
| DXY | 2018-08-23 | [Here’s how Jackson Hole could impact the dollar, bonds and emerging markets - MarketWatch](https://feedsoft.ai/events/63695-here-s-how-jackson-hole-could-impact-the-dollar-bonds-and-emerging-markets.md) | -0.0% | -0.1% |

## Sources

- thin.npr.org: https://thin.npr.org/2018/09/05/644973465/turbulence-roils-emerging-markets-in-the-shadow-of-a-strengthened-u-s-dollar

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.