The pain of a much stronger dollar can be particularly acute in emerging markets, where businesses and households have ramped up borrowing via dollar loans.
The dollar’s surge echoes a similar jump during the most acute stage of the financial crisis.
Firms around the world have dumped assets in a bid to raise cash.
Outside the U.S., firms are in desperate need of the currency to serve a rising tide of dollar loans just as dollar revenues dry up.
MarketWatch 23 March 2020
Firms around the world have dumped assets in a bid to raise cash.
Outside the U.S., firms are in desperate need of the currency to serve a rising tide of dollar loans just as dollar revenues dry up.
MarketWatch 23 March 2020
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