# Why are Turkey's and Argentina's currencies in free fall?

> Turkish lira, Argentine peso and South African rand have lost much of their value as investors move capital into dollar assets. Analysts say a strong dollar and rising US rates are driving the emerging-market selloff.

- Date: 2018-05-28 · published 2018-05-28T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/65310-why-are-turkey-s-and-argentina-s-currencies-in-free-fall
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md), [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Emerging-market currency weakness can lower import costs for some feed buyers but raises financing stress, and a strong dollar generally weighs on US grain and meal prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2016-12-08 | [FX: What Next for Currencies in Trump Sell-Off?](https://feedsoft.ai/events/73686-fx-what-next-for-currencies-in-trump-sell-off.md) | +0.1% | +1.4% |
| DXY | 2018-08-10 | [Turkish currency's freefall rocks world equity markets, euro](https://feedsoft.ai/events/11060-turkish-currency-s-freefall-rocks-world-equity-markets-euro.md) | +1.1% | +1.1% |
| DXY | 2023-09-27 | [Why the pound is in freefall – and what it means for Sunak](https://feedsoft.ai/events/34357-why-the-pound-is-in-freefall-and-what-it-means-for-sunak.md) | +1.1% | +1.1% |
| DXY | 2024-07-03 | [EM currencies fall amid Treasury yields outlook - InvestmentNews](https://feedsoft.ai/events/9455-em-currencies-fall-amid-treasury-yields-outlook-investmentnews.md) | -0.9% | -0.5% |
| DXY | 2018-08-10 | [How a currency meltdown in Turkey threatens Europe](https://feedsoft.ai/events/11062-how-a-currency-meltdown-in-turkey-threatens-europe.md) | +1.1% | +1.1% |

## Sources

- dw.com: https://www.dw.com/en/investor-shakeout-in-turkey-and-argentina-why-its-happening/a-43931348

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