It's been a grim time for the once highly fanciable emerging market currencies
They've now extended the longest run of weekly declines since 2000, with Malaysian assets tumbling, Turkish lira on record lows for a third day amidst political turmoil with the collapse of the coalition govt last week, and the Russian rouble getting bashed on weaker oil prices amongst other negatives
A gauge tracking 20 of the most-traded developing nation currencies, has dropped a further 0.4% in an eight-week straight run of losses
The MSCI Emerging Markets Index of equities has also fallen to a four-year low
Fear over US interest rate hike fallout and last week's yuan devaluation are creating a real wobble. China remains the biggest export destination for all these countries but similarly with emerging markets in retreat it finds itself without the avaricious demand it once had.
A double whammy that threatens to cast an ever increasing shadow on the world economy.
