(Source - Pexels/Burst)
A little over a week ago I discussed the ongoing instability among emerging market currencies in "A Closer Look At Emerging Market Currency Instability". To summarize, I believe that the bulk of global money creation via QE in the developed world had a little inflationary impact because the conjured money trickled over into EMs. Instead of creating sky-high inflation that many feared would occur at home, it did abroad and has catalyzed the near or complete collapse of a multitude of EM currencies.
Today, these countries are raising rates