13.01.2016 - Latest oil slide triggers more bets against commodity currencies
Bets against commodity-linked emerging currencies are on the rise again as crude prices fall to around $30 a barrel, but volatility remains well below the peaks of last year. Brent crude's renewed tumble this year has put commodity exporters' currencies on course to extend last year's losses and some, such as the South African rand and the Mexican peso, have hit record lows. The Russian rouble is inching lower too, 4 percent off record lows struck toward the end of 2014, and these spot market losses are filtering into options markets where investors can try to hedge against further weakness...............................................Full Article: Source
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