Sri Lankan three-wheeler drivers push their vehicles along the queue near a fuel station in Colombo, Sri Lanka, on Aug. 2. The island nation faces a grave fuel shortage due to the lack of foreign currency. Why the 'dollar smile' leads to frownsThe US dollar tends to climb in value when America's economy is very strong, or, somewhat counterintuitively, when it's weak and the world is facing a recession. Volunteers serve free meals to people in need at a community kitchen in Colombo, Sri Lanka on Aug. 4. If these engines of growth really begin to stall, then emerging markets could see a painful outflow of investment.

Source: CNN August 07, 2022 22:40 UTC