Mexico’s Finance Minister Says Emerging Markets Concerned About Currency Turbulence

Mexican Finance Minister Luis Videgaray said on Saturday that he wants an orderly appreciation of the dollar.

Finance officials from the world’s largest emerging-market nations are growing increasingly worried that currency turbulence could hurt their economies as the dollar strengthens, Mexican finance minister Luis Videgaray said on Saturday.
“The most recurring concern is the U.S. dollar appreciation,” Mr. Videgaray said in an interview, as global finance ministers and central bankers met in Washington to discuss threats to the world economy.
Emerging economies are watching the Federal Reserve nervously as the U.S. central bank plans its first rate increase in nearly a decade. “We Read More

Source:: wsj