May 22. EM fx and crude oil….diverging

From 2013 to the energy crash of late 2015/early 2016, oil and EM FX were strongly correlated.  Currently, oil is making new highs as many emerging market currencies make or test new lows.  I believe this divergence has to do with increased debt levels in EM, and of course, political factors in some instances.  

• ABOUT:
  Former member of the CME specializing in interest rate options and yield curve strategies.

  The risk of loss in trading futures and/or options is substantial and each investor and/or trader must consider whether this is a suitable investment. Past performance, whether actual or indicated by simulated historical tests of strategies, is not indicative of future results.