This is really contagious. After the news about Turkish banks’ swap, the panic spilled over to other EM pairs. USDZAR traded up to 15.70. USDMXN rose to 19.35. This panic has caught attention of some Asian central banks.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.