Emerging market currencies weaken dramatically when US dollar strengthens because their debt is denominated in dollars; this creates debt crises where they need more of their local currency to pay dollar obligations
causalpending
Speaker
Gerald CelenteEvidence Quote
“emerging markets their debts dollar debt so it's based on the dollars the higher the dollar goes they need more of their currencies to pay their debt they're in trouble now”
Created: 8/10/2026, 11:04:44 PM
My Notes
Loading notes...