LONDON, Feb 13 (Reuters) – Growing fears of a default drove
Ukraine’s debt insurance costs to four-year highs on Thursday
and policy concerns pulled Nigerian assets into the emerging
Higher U.S. Treasury yields also weighed on emerging
markets, bringing losses in South Africa’s rand, the
Turkish lira, Russian rouble and Hungarian forint
, some of the worst-hit currencies in the sell-off that
began last month.
LONDON, Feb 13 (Reuters) – Ukraine’s hryvnia fell towards
last week’s 4-year low versus the dollar and its sovereign bonds
tumbled on Thursday as concerns intensified about the economic
outlook, while higher U.S. Treasury yields weighed on broad
The Nigerian naira tested a two-year low against the dollar
a day after President Goodluck Jonathan sacked four cabinet
members in the latest of a wave of government changes before
elections next year.
LONDON, Feb 11 (Reuters) – The Kazakh tenge lost almost a
fifth of its value on Wednesday after the central bank devalued
it, taking the wind out of the sails of speculators and weighing
on other regional currencies including Ukraine’s hryvnia.
The Nigerian naira hit a two-year low against the dollar as
weakening global commodity demand raised concerns about the
country’s economic outlook and the ability of the central bank
to support the currency in the face of falling reserves.