When the Dollar's Strength Is a Weakness

MIN READDec 7, 2016 | 09:15 GMT

The rising strength of the dollar could cause problems in places such as Turkey, where companies have taken out dollar-denominated loans. As the U.S. currency's value climbs, the loans become more expensive.

(CHRIS MCGRATH/Getty Images)

The value of the U.S. dollar is higher than it has been in over a decade, and circumstances in the global economy seem to be pushing it higher still. When the world's reserve currency is as strong as it is now, no country can escape its effects. And for many states in emerging markets that have borrowed heavily in dollars, 2017 could prove to be a rough year as their debts come back to haunt them....

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