CEW Emerging Market Currency Devaluation Continues

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Self explanatory. Emerging markets currencies keep printing in excess leading to devaluation for over 12 years straight. Needless to say it is now at a key area. (Red Arrow)

While it has not been talked about much. This has led to a mini emerging market currency crisis.

Turkey
Sri Lanka
Lebanon
Pakistan
Argentina
Venezuela
Egypt
Russia
Colombia

etc.. Adding zeros to money does not produce value for a currency. I find it bizarre that I even have to say it. But in this crazy world where #MMT runs around telling people "don't worry how you will pay for it" "Deficits are a Myth" and "there is no such thing as debt only assets" Some people have gotten confused as to what reality is and now believe they can vote themselves money.

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ملاحظة

As expected foreign currencies reversing right against that trendline.

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تم إغلاق الصفقة يدويًا

Closing this position for macro reasons I won't discuss here.