TURKEY MAY NOT BE THE ONLY COUNTRY FACING A CURRENCY CRISIS, SAYS INVESTOR MARK MOBIUS

Turkey may not be the only country facing a currency crisis given the prospects of higher interest rates in the U.S., said prominent emerging markets investor Mark Mobius. Countries with debt in U.S. dollars will be hit by higher interest rates in the U.S., said Mobius, founding partner of investment firm Mobius Capital Partners. An analysis released last week by investment bank Nomura found that ...

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