Emerging Market Currencies: Eye on U.S. Rates, Trade War

Emerging market currencies have slumped against the dollar, led by the Turkish lira and Argentine peso. Further U.S. rates hikes could add to their dilemma.

About the Presenter

Bluford “Blu” Putnam has served as Managing Director and Chief Economist of CME Group since May 2011. With more than 35 years of experience in the financial services industry and concentrations in central banking, investment research, and portfolio management, Blu serves as CME Group’s spokesperson on global economic conditions.

View more reports from Blu Putnam, Managing Director and Chief Economist of CME Group.

Hedging Emerging Market Currencies

The Turkish lira and Argentine peso have led the decline in emerging market currencies against the U.S. dollar due in part to multiple rate hikes by the Fed, including three in 2018. Continued Fed rate hikes as planned could add to the pressure on emerging market currencies. Protect your investment portfolio with FX futures and options.

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