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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