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Fitch: The depreciation of the US dollar provides room for some emerging market central banks to accelerate interest rate cuts
Jin10 data reported on June 10 that Fitch stated that Brent crude oil prices are expected to fall from $79.5 per barrel in 2024 to $65 per barrel in 2025, which will increase the economic and fiscal pressure on major oil-exporting countries. The reduction of international aid by the United States has also increased the risks faced by some emerging markets. In contrast, the depreciation of the dollar has eased the burden on emerging markets holding dollar-denominated debt and provided space for some emerging market Central Banks to accelerate interest rate cuts.