The Serbian central bank is said to be selling euro’s in the fx market and emerging market currencies are also seeing their fair share of volatility.
USD/BRL is on the highs as is the rupee and Turkish lira, to pick a couple off the wall
USD/BRL daily 16 12 2014
USD/IDR daily 16 12 2014
USD/TRY weekly 16 12 2014
The ruble now trades 74.30
The expectations of the Fed raising rate may be having a big say in these moves, like we saw when the taper question was front and centre. There have been countless warnings about volatility jumping when the Fed starts to tighten and with the last FOMC of the year this week the markets are making their moves.
75.62 trades the ruble now
