Not Surprised to See Flight to Safety Over Turkey, Says Astral Asset Management

The video discusses the limited spillover effects of the Turkey incident on emerging markets, with a greater impact expected in the Middle East. It highlights the volatility in emerging market currencies, particularly the South African Rand, and the strong US dollar driven by rising interest rates and market uncertainties. The trade war is identified as a significant factor causing market panic and increased movement towards the US dollar.

What are the potential spillover effects of the Turkey incident on emerging markets, particularly in Asia?

How has the dollar South African Rand exchange rate changed recently, and what does this indicate about market conditions?

What factors are contributing to the strength of the U.S. dollar in the current market environment?

In what ways has the trade war impacted investor sentiment towards emerging markets?

What are the implications of rising interest rates for emerging market currencies?