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.
Currencies
From Turkey to South Korea, strong dollar squeezes the energy-poor
Higher U.S. interest rates drive investors to greenback
Women stand in front of a currency exchange office in Istanbul. The Turkish lira depreciated by 8% since the end of August. © Reuters
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