Self explanatory. Emerging markets currencies keep printing in excess leading to devaluation for over 12 years straight. Needless to say it is now at a key area. (Red Arrow) While it has not been talked about much. This has led to a mini emerging market currency crisis. Turkey Sri Lanka Lebanon Pakistan Argentina Venezuela Egypt Russia Colombia etc.. Adding...
The U.S. dollar can make or break this here.
EM currencies print a morning star at usual demand zone. Will momentum divergence make the difference again like in 2011-12?