MORGAN STANLEY PRESENTS: 'The Fragile Five' - The Most Troubled Currencies In Emerging Markets
This year, Morgan Stanley declared the Brazilian real, the Indonesian rupiah, the South African rand, the Indian rupee, and the Turkish lira as the "
"High inflation, weakening growth, large external deficits, and in some cases exposure to the China slowdown, and high dependence on fixed income inflows leave these currencies vulnerable," wrote Morgan Stanley analysts in an August research note.
We've highlighted Morgan Stanley's greatest concerns for each of the "Fragile Five," and include their year-to-date performance against the greenback.
- White collar roles more at threat from AI
- Market cap of BSE-listed firms hits record high of Rs 331 lakh crore; just shy of entering $4-trillion club
- 10 Best honeymoon places near Delhi
- Samsung launches new smartphone with 50 MP camera in India
- Unveiling the sweet side of corn: 7 mouthwatering recipes