Lira, rand, and rouble lead declines on the day
That should keep equity investors in-check for the time being. Despite the drop here, European equities are still positive - barring Italy - in trading so far. Right now, the currencies market is sending a rather different signal from the equities space so let's see who comes out on top at the end of the day.
Emerging markets may yet be the next big troublemaker in the global economy, so if you haven't taken notice it's about time you do.
