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Submerging Markets: EM Debt, FX Dumped After Fed Hike

Courtesy of ZeroHedge. View original post here.

A dollar spike along with a hawkish statement has sent Emerging Markets into a tailspin…

Hugh Hendry's advice to Emerging Markets pic.twitter.com/o8cY1iOgaN

— zerohedge (@zerohedge) June 13, 2018

Or more of a tailspin…

EM FX is tanking…

To almost its lowest since early 2016…

And EM Debt is back at Feb 2016 lows…

Artist's impression of EM right now…


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