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...

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

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

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Meanwhile, offshore Yuan is flat...

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