Recession fears weigh on emerging market currencies

Emerging market currencies have come under pressure, shedding some of the gains made earlier in 2022. On a year-to-date basis, the Turkish Lira is down 22.8% against the dollar while the rand is down 0.7% over the same period. Business Day TV touched base with RMB's Fixed Income and Currency Strategist Kim Silberman, and discussed whether a rebound is anticipated this year as growth concerns continue to unnerve investors.