TOKYO -- The interest-rate-driven strength of the dollar has battered currencies of energy-importing economies like Turkey, Brazil and South Korea, adding to the pressure from high crude oil prices.
The Turkish lira was down 8% against the greenback on Tuesday compared with the end of August. The South Korean won touched a 15-month low against the dollar. That day, Bank of Korea Gov. Lee Ju-yeol indicated that the central bank may intervene to prop up the national currency.