Sudden Emerging Market Bloodbath

Slowly at first, then all at once – Emerging Market currencies are crashing across the board…

 

The dead cat bounce is over for EM FX…

 

The plunge is led by Turkey’s Lira (not helped by Fitch warnings of further downgrades)

 

The Rand, Peso (Argentina and Mexican), Ruble, and Real are all getting clubbed by a baby seal…

Meanwhile, offshore Yuan is flat..

 

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Author: Tyler Durden

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