Finding the Truth Behind the Fall in Emerging-Markets Currencies
Emerging-markets currencies have dropped nearly 10 percent, on average, since the Fed started talking about tapering.
Michael Hood
December 17, 2025
Chinese one-hundred yuan banknotes are arranged for a photograph in Tokyo, Japan, on Thurday, April 4, 2013. China will start direct trading between the yuan and Australia's dollar from April 10, Australian Prime Minister Julia Gillard said. Photographer: Tomohiro Ohsumi/Bloomberg
Tomohiro Ohsumi/Bloomberg
