B-hoop
02-07-2014, 04:56 PM
What do you guys think? EM currencies are all over the place the last weeks, Turkey's central bank had to raise rates by 5% overnight to stop capital outflows, etc. I believe with raising expectations for a raise in American rates in the next months a lot of EM countries will find themselves with dwindling reserves and currency devalueing. Just bought some dollars as an insurance.