Uncertainty over the outlook for monetary policy in the US and renewed concerns about the health of China’s economy are weighing heavily on frontier market currencies. The weakest currency has again been the Kazakh tenge, which has fallen by a further 7% against the dollar since its devaluation last month. Meanwhile, the Sri Lankan rupee has dropped back sharply after the government allowed the currency to float in early September. Only two of the 30 frontier currencies we track gained any ground against the dollar last month.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services