Quotes from the news wire:
The bigger-picture driver for these movements you are seeing in emerging market currencies at least over the past two weeks, are signs of a more hawkish turn from central banks – including the ECB, Fed and the Bank of England, at the same time, when oil prices fall you tend to see inflation expectations fall as well – those two things together - nominal bond yields moving up and inflation expectations moving down - take real rates higher.
Found on Reuters 7 years ago
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