The Phaserl


Asian FX Bloodbath Re-ignites; Stocks/Bonds All Sliding

from Zero Hedge:

After a brief and hopeful respite, the Indonesian Rupiah has collapsed by 3.9% in the evening’s session – the biggest drop in 5 years. A close second is the Indian Rupee which has colapsed back from its best day in 11 months with a 1.5% plunge. EM bonds are being sold with India and Indonesia leading the way along with Thailand which just joined the bear-market crowd in equity land as its stock market is down 20% from May highs (down 9 days in a row – the most since 1998). Stock markets are all lower with India (banks -2.5% today and 35% from highs) and Philippines worst. Gold remains ‘held’ under $1400 as the USD (Asian Index) jumps to its highest in 14 months. Treasuries are modestly bid overnight (and US equity futures down slightly). Elsewhere, the Turkish Lira just hit a fresh record low against the EUR and India, Indonesia, Thailand, Malaysia, and Philippines stocks are all down over 12% Quarter-to-date in USD terms.

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1 comment to Asian FX Bloodbath Re-ignites; Stocks/Bonds All Sliding

  • The Truth

    Correction the metals popped back up!

    Gold GCV13 (Oct ’13) 1,402.0 +9.0,1,404.8 ,1,406.5,1,395.6 00:40

    Silver SIU13 (Sep ’13) 24.275 +0.265 24.345 24.350 23.980 00:41

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