May 18. EM FX spillover?

The impetus for this chart is the continued slide in EM ccy’s.  BBG symbol for JPM index is FXJPEMCS Index. 

This chart covers 5 years, but there has clearly been a renewed slide since Q1 of this year.  I thought the chart reminded me of DB so I decided to overlay for fun (DB at new low for this year). 

Not much of a conclusion to draw… weakness in EM not really spilling over to US equities for now, but anyone who remembers Asian crisis in late 1990’s might want to keep in mind.


 

Posted on May 18, 2018 at 9:36 am by alexmanzara · Permalink
In: Eurodollar Options

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