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Emerging market currencies sank in Asia on Friday, August 31, with the Indian rupee hitting a record low past Rs 71 per dollar. Dealers feared contagion from financial crises in Argentina and Turkey.
Emerging-market currency contagion raises import costs in importing countries and can weigh on dollar-denominated commodity demand from Asia.
economictimes.indiatimes.comET NowAug 31, 2018Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
