How the Strong Dollar Is Crushing Emerging Market Debt

The US dollar is at 120 on the trade-weighted index, and emerging markets are feeling the squeeze. Lucas and Luna drill into the specific case of Turkey and Indonesia, where foreign-currency debt service costs have jumped 30 percent since January. They look at how a stronger dollar raises the burden for countries that borrowed in dollars, why central banks from Jakarta to Ankara are burning reserves to defend their currencies, and what the recent 4.4 percent silver rally tells us about investor避险 into hard assets. Plus, a look at how the Iran deal uncertainty and Israel-Lebanon strikes are compounding the pressure. If you've wondered whether the dollar strength we're seeing is just a US story or a global wrecking ball, this episode connects the dots. #StrongDollar #EmergingMarkets #DebtCrisis #Turkey #Indonesia #FederalReserve #DollarIndex #HardAssets #Silver #Gold #IranDeal #Geopolitics #Risk #Currency #CentralBanks #Economics #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo