WSJ: Emerging Nations Seek To Shore Up Currencies

Posted: August 22, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,

By ERIN MCCARTHY

As global markets sell off, some emerging nations have stepped into foreign-exchange markets to prevent steeper declines in their currencies, a contrast to safe-haven countries dealing with strong gains in their exchange rates.

In recent weeks, Turkey and Indonesia have taken or forewarned of measures to curb their currencies’ slides after global growth worries sent equities sliding world-wide and investors fleeing emerging markets.

Read More: http://online.wsj.com/article/SB10001424053111903639404576520041280550836.html

 

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