{"id":622497,"date":"2018-10-03T04:33:11","date_gmt":"2018-10-03T04:33:11","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/03\/oil-prices-in-em-currency-terms-are-already-as-bad-as-they-were-in-2008\/"},"modified":"2018-10-03T04:33:11","modified_gmt":"2018-10-03T04:33:11","slug":"oil-prices-in-em-currency-terms-are-already-as-bad-as-they-were-in-2008","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/03\/oil-prices-in-em-currency-terms-are-already-as-bad-as-they-were-in-2008\/","title":{"rendered":"Oil prices in EM currency terms are already as bad as they were in 2008"},"content":{"rendered":"<p><strong>The surging price of oil might not seem too bad in USD terms, but the situation is already as bad as 2008 in EM currency terms<\/strong>, David Fickling <a href=\"https:\/\/www.bloomberg.com\/view\/articles\/2018-10-02\/emerging-markets-oil-shock-has-already-started\">writes in a separate piece for Bloomberg<\/a>. \u201cWith emerging market currencies falling against the greenback, the rising USD price of crude is compounded for consumers in less wealthy countries.\u201d This gap helps explain the internal policies in many EM countries \u2014 including Brazil, Venezuela, and India \u2014 where governments have been doling out bns each year in oil subsidies to appease consumers, which further burdens state budgets and feeds into the \u201cvicious cycle\u201d when currencies slip.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The surging price of oil might not seem too bad in USD terms, but the situation is already as bad as 2008 in EM currency terms, David Fickling writes in a separate piece for Bloomberg. \u201cWith emerging market currencies falling against the greenback, the rising USD price of crude is compounded for consumers in less [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":622498,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-622497","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"78e6244c-0d4e-46c2-bfbe-ed00bd17c6ca","order":"0","is_powered_by":true,"section_story_id":"8432c123-0b96-4a14-9ae4-f7467539754b","story_type":"1","photo_url":"https:\/\/ent.news\/2018\/10\/166.jpg","photo_position":"above","related_issue":[622490],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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However, when measured in\u2026","rel":"","context":"In &quot;THE MACRO PICTURE&quot;","block_context":{"text":"THE MACRO PICTURE","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":663884,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/04\/16\/emerging-markets-are-rattled-by-tariff-war\/","url_meta":{"origin":622497,"position":1},"title":"Emerging markets are rattled by tariff war","author":"enterpriseam admin","date":"16 April 2025","format":false,"excerpt":"Investor sentiment remains largely pessimistic","rel":"","context":"In &quot;PLANET FINANCE&quot;","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/4\/801.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":650154,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/17\/an-outlook-on-currency-markets\/","url_meta":{"origin":622497,"position":2},"title":"An outlook on currency markets","author":"enterpriseam admin","date":"17 March 2017","format":false,"excerpt":"Trading FX? You need to look at (international) trade data. With the greenback still overvalued against most currencies, currency investors are scouring for market where the USD is most likely to weaken. Stephan Kessler, head of research for the alternative strategy team at Goldman Sachs Asset Management, has been using\u2026","rel":"","context":"In &quot;SPEED ROUND, THE WEEKEND EDITION&quot;","block_context":{"text":"SPEED ROUND, THE WEEKEND EDITION","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-the-weekend-edition\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":638492,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/08\/egypt-continues-to-standout-on-the-emerging-markets-front\/","url_meta":{"origin":622497,"position":3},"title":"Egypt continues to standout on the emerging markets front","author":"enterpriseam admin","date":"8 October 2017","format":false,"excerpt":"Egypt continues to stand out among emerging markets as the country gets ready for its eurobond issuance in January. First off, the EGP has been among new \u201cexotic\u201d currencies attracting EM fund managers breaking from \u201cbig name\u201d EM currencies such as the Mexican peso and the Brazilian real, notes Reuters.\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2017\/10\/5.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":593429,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/27\/emerging-markets-fx-funding-needs-to-repay-usd-denominated-debt-to-soar-next-year\/","url_meta":{"origin":622497,"position":4},"title":"Emerging markets\u2019 FX funding needs to repay USD-denominated debt to \u201csoar\u201d next year","author":"enterpriseam admin","date":"27 November 2019","format":false,"excerpt":"Emerging markets\u2019 FX funding needs to repay a decade of USD-denominated debt are on track to \u201csoar\u201d next year, Caroline Grady writes for the Financial Times. 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