The Fragile Five Emerging Markets Contagion Risk

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  • #18080
    Helmholtz Watson
    Participant

    [article]1054[/article]

    #18081
    MoneyNeverSleeps
    Participant

    Really enjoyed this article thank you. Interesting seeing the many different smaller currencies and the affect the Fed has had on speculation and the fall out from it. The contagion affects are real with the integration of debt and trade. Its funny how greed puts blinkers on risk. We need to look no further than the equity market and $TSLA and the glorification of $AAPL and $AMZN.

    #18086
    Truman
    Participant

    With the trade war gathering pace between China and the US its another case of the collateral damage being out of sight out of mind from so called world leaders but the US markets underscore just how big the disconnect from those outside the box are. A good read, and a sobering one.

    #18137
    TradersCom
    Keymaster

    Turkish central bank raises rates Much Higher Than Expected – Lire Surges

    CBRT raised one-week repo rate by 625 bps

    Market was expecting 300 to 500 bps. The USDTRY surged against the dollar to near 6.00 on the announcement from 6.40 levels earlier USD/TRY has recouped some losses back to 6.15 currently but the Turkish central bank has sent out a message with this one.

    The lira’s gains have popped emerging markets with the rand and rouble also gaining on the day by more than 1% against the dollar.

    #18138

    ^^^^ +1s & Thank you for excellent info — as I’m actually looking at Vanguard’s famous EM fund for one of my new Roth investments (owned many times thru years) … but want to buy more on dip … And after a certain world leader “bullies” these unfair trade deals around to better terms & less restrictions for all – LOL 😉 8)

    #18142
    TradersCom
    Keymaster

    ECB Presser with Draghi –

    Spillovers from Turkey and Argentina have not been substantial

    #18146
    Truman
    Participant

    Those currencies are not for the faint hearted

    #18168
    TradersCom
    Keymaster

    Lee Saks @Lee_Saks

    *IMF TO DELAY $3B DISBURSEMENT TO ARGENTINA UNTIL TALKS FINISH: BBG

    #18455
    Helmholtz Watson
    Participant

    Brazil election with 68% votes counted

    Brazil far-right candidate Bolsonaro is leading presidential race with 46 percent of votes, Haddad with 25% and Gomes 12%

    #18474
    TradersCom
    Keymaster

    Dallas Fed’s Kaplan says that he is watching Argentina, Turkey in a speech today (as he should be)

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