Relief rally in EM currencies temporary, USD charges to new 2018 highs

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The relief rally that allowed emerging market currencies to regain their composure after a very nervous reaction from investors to the Turkish Lira crisis appears to have been temporary. The majority of emerging market currencies across Asia are trending lower at time of writing, as the political dispute between Turkey and the United States heats up and the US Dollar charges to another milestone high for 2018. The softness in the emerging market currencies will likely spread into the EMEA region when European markets open today and possibly Latin America FX when Wall Street opens this… Read More

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