Forex Traders Overwhelm Emerging Markets’ Central Bankers
$DXY, $OIL, $GLD, $SLV
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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.
Rising US interest rates, the strong USD, higher Crude Oil prices, China’s market and economic wobbles and fears of a global trade war are conspiring to pressure emerging-market currencies.
The markets respond daily to central bank moves.
You can follow the Key currency pairs, gold, silver and crude oil daily on Live Trading News.
Stay tuned…
Forex Traders Overwhelm Emerging Markets’ Central Bankers added by Paul Ebeling on
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Paul Ebeling
Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.
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