QE unwinds sharply

FED is getting serious with unwinding and dollar index has finally got a tailwind with DXY up by 5% from its low. And it has already created havoc in ATM markets ATM …..which is Argentina Turkey and Mexico why? these markets are the most impacted by FED QT because their fundamentals are the weakest in Emerging Markets Trouble always start at the periphery

 

 

Read More...