4 ms·
> Argentina and Turkey’s currencies devalued relative to their trade-weighted baskets of currencies. The dollar was not a driver of their problems. The dollar
by csomar 7y ago
> Argentina and Turkey’s currencies devalued relative to their trade-weighted baskets of currencies. The dollar was not a driver of their problems.
The dollar was certainly not a driver of their problem. They had chronic issues and a strong dollar pushed them over the edge.