N.B. All data was graphed by the author and should not be reproduced sans permission.
Overview
Since the beginning of 2018, Emerging Markets have been in turmoil. We have observed a paradigm shift from the economic axioms that underpin their performance and structural changes have also been highlighted.
Oil levels had surged - triggered not by rising global demand but by OPEC production cuts and the intensifying global geopolitical landscape.
The atypical concoction that supported the oil rally brought with them an unusual impact on Emerging Market currencies (which are prone to appreciate in such