Hope You’ve Not Been Holding Emerging Market Currencies

If you’re reading this, I hope you have not been holding any emerging market currencies.  Emerging markets have been taking a beating recently, and their currencies have been especially getting hit. Part of this has to do with the fact that markets are expecting a $FED taper, however, some of it has to do with some structural/fundamental issues. Also, don’t forget about the market aspect. Once a train gets going and catches momentum, its hard to step in front of it and stop it. The US Dollar somehow gets an ill-deserved bad rap about being volatile and or crashing, however, the following currencies will have your heading spinning. Below are a handful of emerging market currencies that have seen a tumble over the recent weeks that have led to multi-year lows or all-time lows relative to the US Dollar ($USDX, $DX_F).

The Charts

US Dollar vs Indian Rupee ($INRUSD, $INR, $EPI)

Rupee

 

 

 

 

 

 

 

 

 

 

 

 

 

US Dollar vs Indonesia Rupiah ($USDIDR, $IDX)

Rupiah

 

 

 

 

 

 

 

 

 

 

 

 

 

US Dollar vs Brazilian Real ($USDBRL, $BZF, $EWZ)

Brazilian Real

 

 

 

 

 

 

 

 

 

 

 

 

 

US Dollar vs Turkish Lira ($USDTRY, $TUR)

Turkish Lira

 

 

 

 

 

 

 

 

 

 

 

 

 

US Dollar vs Thai Baht ($USDTHB, $THD)

Baht

 

 

 

 

 

 

 

 

 

 

 

 

 

US Dollar vs South African Rand ($USDZAR, $SZR, $EZA)

SA Rand

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tags: $MACRO $EEM $CEW $VWO

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

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