Nir Kaissar, Columnist

Emerging-Market Currency Fears Aren’t Wrong, Just Misplaced

Short-term volatility doesn’t have a lasting effect on portfolios.

June 4, 2018 at 4:00 AM EDT

Nir Kaissar is a Bloomberg Opinion columnist covering markets. He is the founder of Unison Advisors, an asset management firm.

Take the long view.
Photographer: Sanjit Das/Bloomberg

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There’s a reason to worry about emerging-market currencies, but not the one investors have in mind.

Some developing countries are stumbling, and their currencies aren’t taking it well. Turkey’s lira is down 16 percent against the dollar since its peak on Feb. 1 through Wednesday, and Brazil’s real is also down 16 percent since Jan. 24.

Before it’s here, it’s on the Bloomberg Terminal

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