Emerging Market Rout Spurs Safe Haven Bid in US Dollar


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MARKET DEVELOPMENTS – USD BREACHES KEY RESISTANCE ON EM ROUT

US equity futures are trading with losses across the board as European bourses are dragged lower by EU banks amid reports that some banks could be exposed to the drop in the Turkish Lira.

USD: Safe haven flows have flooded into the US Dollar this morning, with the currency breaking above YTD highs to trade above the 96.00. This has largely been due to the selling seen…





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