What has changed in EM’s? – TDS

By FXStreet FXStreet (Guatemala) – Analysts at TD Securities explained the changes that have occurred in EM’s.

Key Quotes:

“Chinese policymakers introduced circuit-breakers for its equity markets on Monday, but then suspended them on Thursday
PBOC finally fixed USD/CNY lower (albeit marginally) Friday after eight straight days of higher fixings

Tensions have risen on the Korea peninsula after the North detonated some sort of nuclear weapon

The State Bank of Vietnam has moved to a more market-based exchange rate

Brazil’s former President Lula has been ordered to testify as a witness for a case regarding jailed lobbyist Paes dos Santos

Venezuelan President Maduro instituted a major cabinet shuffle.”
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Source:: FX Street