May 22. EM fx and crude oil….diverging

From 2013 to the energy crash of late 2015/early 2016, oil and EM FX were strongly correlated.  Currently, oil is making new highs as many emerging market currencies make or test new lows.  I believe this divergence has to do with increased debt levels in EM, and of course, political factors in some instances.  

Posted on May 22, 2018 at 10:51 am by alexmanzara · Permalink
In: Eurodollar Options

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