The first wave was oil. The second wave was rates. The third wave is in the country tier — and the FX screen is showing it before the credit ratings do.
So oil goes up , rates go up and balance sheet stress goes up
Yes, the forex rates build pressure on importer countries. The fragile ones are already showing stress
So oil goes up , rates go up and balance sheet stress goes up
Yes, the forex rates build pressure on importer countries. The fragile ones are already showing stress