|Day's Range||0.017 - 0.018|
|52 Week Range||0.0165 - 0.0283|
The Federal Reserve has now stopped its monetary tightening, yet the most vulnerable emerging market currencies are still falling like flies. The reason why monetary tightening pressures weaker currencies of countries with inadequate foreign-exchange reserves is that it tends to push the dollar higher via higher U.S. interest rates. If the host country has been on a dollar-borrowing spree, higher U.S. rates and stronger dollar tend to make those debts harder to service and roll over.