OMG EM FX!

by Michael J. Howell11. November 2013 19:48
It's happening again. Key EM forex markets are weakening again in November. Indeed, we fear they should. Our data collection shows that private sector liquidity aka 'good money' flows into EM are weak, and far below equivalent data for the West. These poor fundamentals point to further EM forex losses and investors should note that every EM crisis is first-and-foremost a currency crisis. See our latest EM monthly for details.

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