Forex Strategy Video: Are Emerging Markets Ushering in a Financial Crisis?
• The Argentine Peso has collapsed this past week as global investors pull capital from emerging markets
• Similar to the Indian Rupee collapse last year, a crisis starts when all emerging markets are troubled
• Yen crosses are the focus if the trouble remains in emerging markets, a full scale crisis offers more
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What is happening to the Argentine Peso and other Emerging Market exchange rates, and how does it affect our trading. This could prove an isolated and short-lived problem like the Indian Rupee collapse last year. Or, it may be the spark we need to jump start a full-scale shift in investor sentiment. We look at the trouble in this high-risk area of the global financial market, discuss its implications for broader speculative confidence and our trade options in the Weekend Strategy Video.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.