Emerging market currencies lose their shine with further weakness seen
Traders are getting that sinking feeling again about developing-nation currencies. |||
Ye XieTRADERS are getting that sinking feeling again about developing-nation currencies. A basket of 20 of the currencies has tumbled 3.3 percent this year to the lowest since Bloomberg began tracking the data in 1999.The losses have left emerging-market options traders bracing for more: They’re now paying the most in almost 17 months to protect against further declines.The deepening pessimism underscores just how out of favour developing-nation assets have become as a plunge in commodity prices throttles their economies and darlings from Brazil to China …read more
Source: Independent Online
