Another reason is that it is in the interest of emerging market
countries to keep their currencies relatively stable compared to
the dollar, because that means their exports to the United States
remain competitively priced. If these emerging market currencies
rise sharply in value, the exports sold in the United States will become
more expensive, cutting into sales abroad and economic
growth back home.
countries to keep their currencies relatively stable compared to
the dollar, because that means their exports to the United States
remain competitively priced. If these emerging market currencies
rise sharply in value, the exports sold in the United States will become
more expensive, cutting into sales abroad and economic
growth back home.
