# Fresh Stress Grips Weakest Emerging-Market Currencies

> Weakest emerging-market currencies are under pressure as the Federal Reserve raises rates and lifts the US dollar. Rising costs of developing nations' dollar debt have prompted central bankers to voice concern.

- Date: 2018-08-30 · published 2018-08-30T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/63696-fresh-stress-grips-weakest-emerging-market-currencies
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Currency stress in emerging importers can curb their purchasing power for feed grains and meal, weighing on demand and export prices.

## Read by commodity

- DXY: bullish ▲
- USDARS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-02-02 | [Signs of Firming U.S. Inflation Put Emerging Market Currencies Under Pressure](https://feedsoft.ai/events/66723-signs-of-firming-u-s-inflation-put-emerging-market-currencies-under-pressure.md) | +1.7% | +1.8% |
| DXY | 2021-01-08 | [Treasury Yield Surge Rattles Emerging-Market Currencies in Asia - Infobae](https://feedsoft.ai/events/49393-treasury-yield-surge-rattles-emerging-market-currencies-in-asia-infobae.md) | -0.1% | +0.7% |
| DXY | 2021-06-21 | [The rand goes from best-performing to worst-performing emerging market currency - Moneyweb](https://feedsoft.ai/events/46874-the-rand-goes-from-best-performing-to-worst-performing-emerging-market-currency.md) | -1.0% | +0.4% |
| DXY | 2023-10-04 | [The Fed - U.S. Interest Rates and Emerging Market Currencies: Taking Stock 10 Years After the Taper Tantrum](https://feedsoft.ai/events/33530-the-fed-u-s-interest-rates-and-emerging-market-currencies-taking-stock-10-years.md) | -0.8% | +0.0% |
| DXY | 2018-10-04 | [Soaring US dollar threatens trouble for emerging markets \| Currencies \| The Guardian](https://feedsoft.ai/events/62719-soaring-us-dollar-threatens-trouble-for-emerging-markets-currencies-the-guardian.md) | +0.2% | +1.5% |

## Sources

- wsj.com: https://www.wsj.com/articles/fresh-stress-grips-weakest-emerging-market-currencies-1535614055

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