Currency Depriciation in Fragile Five
v Brazil,
India, Indonesia, Turkey and South Africa are dubbed as FRAGILE FIVE ( Depreciation of their countries currencies is high
in these countries ).
v They depend
on foreigners buying their stocks and bonds to finance their Current Account
Deficits.
v Curreny depreciation
occurred as a result of the US Federal
Reserves decision to wind down its massive stimulus programme.
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