Here we go again as EM’s start getting hammered again

Where do I start?

Stocks are coming right off again in Europe with everyone down over 1%;

  • FTSE -1.6%
  • Cac -1.4%
  • Dax -1.8%
  • Ibex -1.4%
  • Mib -1.3%

Nikkei futures off 200 points too at 14650.

The dollar has taken a bashing and dropped in USD/JPY to 102.12 from 102.40. Commod currencies are getting hit with AUD/USD falling towards 0.8700 and NZD/USD trades down to 0.8103. USD/CAD is trying to crack the barrier at 1.12 and has reached 1.1198.

USD/TRY is 100 pips off the highs at 2.2940 to 2.2840 but still remains elevated as does the rupee and rupah

It’s all going horribly wrong again.

Beaker

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