Brazil, India, Indonesia, South Africa, Mexico and Turkey. These are the emerging countries whose currencies are currently involved into one of the most dramatic currency crises that the world remembers in recent times. This crisis is likely to become even more devastating than the big Asian financial crisis of 1997-98 and these countries could be the big casualties of the currency war sparked some months ago by the most influencing central banks. Central banks are currently engaged into a dramatic quantitative easing war, fought through the targeting of exchange rates and flooding financial markets with an ocean of liquidity. In particular, two of them have the potential to change, with their decisions, the future of financial markets: the FED and the People’s bank of China.
Brazil, India, Indonesia, South Africa, Mexico and Turkey. These are the emerging countries whose currencies are currently involved into one of the most dramatic currency crises that the world remembers in recent times. This crisis is likely to become even more devastating than the big Asian financial crisis of 1997-98 and these countries could be the big casualties of the currency war sparked some months ago by the most influencing central banks. Central banks are currently engaged into a dramatic quantitative easing war, fought through the targeting of exchange rates and flooding financial markets with an ocean of liquidity. In particular, two of them have the potential to change, with their decisions, the future of financial markets: the FED and the People’s bank of China.
