This tag is associated with 3 posts

Emerging Market Currencies Perfectly Positioned To Crash Following The Devaluation Events in China, Vietnam And Kazakhstan

Kazakhstan’s currency fell by a record 23% in trade on Thursday, August 20th, after the country abandoned control of its exchange rate, as it became the latest emerging market to scrap efforts to prop up its currency before the U.S. Federal Reserve hikes interest rates. Vietnam’s Central bank has devalued the nation’s currency on Wednesday, August 19th, for the … Continue reading

What Has Changed in EM This Week

Indonesia’s recently elected President Jokowi is facing his first major popular challenge Turkey raised the daily dollar auction amount from $20 mln to $40 mln There are signs of some growing concern over currency weakness in Mexico Brazil central bank chief Tombini is already changing the tune from the statement of the last COPOM meeting … Continue reading

EM Countries Are Back Defending Their Currencies

Here we go again. Faced with a stronger dollar and weaker commodities, many EM countries are back defending their currencies. Earlier this month, Malaysia’s central bank began verbal intervention. In Russia, Putin has called for “harsh” measures against ruble speculators then back it up with nearly $2bln Mexico just announced it will once again start … Continue reading

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