Doesn’t look like Fed Chair Powell can speed up tapering w/o nasty side effects. Announcement of faster end of bond buys alone is causing tremor in emerging markets. Turkey Lira world’s worst currency in 2021 w/-46% ytd, Argentina Peso 2nd worst w/-17%. Thai Baht -11%, Forint -8% h/t Holger Zschaepitz

Our Twitter for Quick Updates: Twitter Follow Us