Forex Traders Overwhelm Emerging Markets’ Central Bankers
$DXY, $OIL, $GLD, $SLV
Selloff forces EM central banks to raise interest rates
- Currencies have struggled to find a floor despite rate moves
Central banks in emerging economies are losing the battle with markets as their efforts to shield their currencies struggle for traction, suggesting policy makers have more work to do.
The markets respond daily to central bank moves.
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